Payday Loan Industry Watch Home News: Archive News: Recent News: RSS Newsfeeds News: Archive News: By State News: By Big 7 Podcasts Reviews Tips Links
About Us
Contact Us
Donate/Sponsor
Site Help
Find a Lender
Header

State sues El Paso payday lender, claims loan shark operation

May 23, 2006 - El Paso, Texas

An El Paso judge has frozen the assets of a payday loan business as part of a lawsuit by state officials charging that the company is really a loan-sharking operation targeting military personnel.

State Commissioner of Consumer Credit Leslie Pettijohn accused John A. Gill Jr., owner of Advance Internet and Texas Advance Internet, of making short-term cash advance loans at inflated interest rates.

The 21-page lawsuit filed in El Paso last week alleges that Gill, whose company was not licensed in Texas, charged as much as 782 percent interest and offered Internet service as a perk for doing business with the company.

The suit also charges that Gill of Phenix City, Ala., targeted military personnel by putting his loan stores "conspicuously close" to military bases in El Paso, Coryell, Bell and Bexar counties.

Gill, whose listed telephone number is disconnected, could not immediately be reached for comment.

News Source

Star-Telegram, AP Reporter

Related Stories - Texas

Return

See: Recent News | Archived News | RSS Newsfeeds | News by State
Go to PLIWatch.org home.

E-mail This Page Open a new window and send this page to a friend.
Share this page by E-mail.
Reviews Reviews page.
July 21 - WeGiveCash claimed we could get $1,500. But, after entering qualifying customer information, we were declined and then forwarded to another Web site to re-apply.
Find a Lender Find a Lender page.
Claims to lend
To residents of
With fees per $100 loaned
On the Web since
reviewed by PLIWatch
small payday loan industry watch logo
Recent RSS Newsfeeds Archive Shown by State Shown by 'Big 7'
Home News & RSS Podcasts Reviews Tips Links Find a Lender About Us Contact Us Donate / Sponsor Site Help
Terms of Use Privacy Policy Site Map copyright © 2005-2022 pliwatch.org all rights reserved Updated: Nov 22, 2022 07:57 EST