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A look at AmeriCash loans

Here is a look at eight of the AmeriCash loans made since December 2005 that have ended up in Champaign County small claims court.

Borrower: Salvatore Bordenga, of Thomasboro

Loan date: May 15, 2006

Amount borrowed: $900

Interest rate: 290 percent

Finance charge: $1,888.50

Total due: $2,788.50

Remaining balance at time of lawsuit filed Sept. 14: $1,071.30

Case status: Open

 

Borrower: Essie Booker, of Champaign

Loan date: Feb. 2, 2007

Amount borrowed: $1,500

Interest rate: 240 percent

Finance charge: $2,505.44

Total due: $4,002.44

Remaining balance at time of lawsuit filed March 4: $1,762.04

Case status: Open

 Borrower: Stacy Huss, of Seymour

Loan date: July 16, 2007

Amount borrowed: $400

Interest rate: 290 percent

Finance charge: $839.16

Total due: $1,239.16

Remaining balance at time of lawsuit filed June 22: $546.66

Case status: Open

Borrower: Pamela Canady, of Rantoul

Loan date: Dec. 4, 2007

Amount borrowed: $500

Interest rate: 150 percent

Finance charge: $336.19

Total due: $836.19

Remaining balance at time of lawsuit filed Feb. 19, 2009: $422.08

Case status: A judgment was entered against Canady on Jan. 29 for $722.08 plus court costs.

Borrower: James Frye, of Urbana

Loan date: Feb. 25, 2008

Amount borrowed: $800

Interest rate: 290 percent

Finance charge: $1,678.58

Total due: $2,478.58

Remaining balance at time of lawsuit filed July 28: $1,144.51

Case status: Frye agreed Sept. 7 to repay the remaining balance and a $350 attorney fee at 9 percent interest plus court costs.

Borrower: Carl Beach, of Rantoul

Loan date: April 28, 2008

Amount borrowed: 290 percent

Interest rate: $1,000

Finance charge: $2,083.60

Total due: $3,083.60

Remaining balance at time of lawsuit filed June 6: $1,786.22

Case status: Open

Borrower: Teocka Harris, of Champaign

Loan date: July 15, 2008

Amount borrowed: $700

Interest rate: 200 percent

Finance charge: $938.78

Total due: $1,638.78

Remaining balance at time of lawsuit filed July 28: $754.57

Case status: Open

Borrower: Debora Grady, of Urbana

Loan date: Aug. 22, 2008

Amount borrowed: $700

Interest rate: 200 percent

Finance charge: $938.78

Total due: $1,638.78

Remaining balance at time of lawsuit filed Sept. 14: $945.47

Case status: Open

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