In accordance with the suit, filed in state Circuit Court in Jacksonville, the Hubbells took out numerous loans that are payday a site operated by Sonic Payday Ltd. The costs totaled about $27 for every single $100 lent — very nearly triple the limitation imposed by Florida’s payday legislation.
If they could not spend their loans off after two weeks, as required by Florida legislation, the few desired an elegance period to setup a payment plan — another Florida requirement. The lending company ignored their demand, the suit alleges, and established a group of collection threats that included harassing telephone calls to Matthew Hubbell’s naval superiors.
The suit accuses Sonic and a joint venture partner, Coastline Credit Ltd., of running “that loan scheme that has been designed to mislead Florida customers into signing its criminally usurious loans also to avoid Florida usury legislation.”