Zoca Loans Lawsuit Affects Thousands Nationwide

The Zoca Loans lawsuit has left thousands of people across the country reeling. Zoca Loans, a payday lender, is facing a class-action lawsuit alleging deceptive and unfair lending practices.

The lawsuit claims that Zoca Loans charged exorbitant interest rates and fees, often exceeding 500% APR. This is a staggering amount that can quickly trap borrowers in a cycle of debt.

Many borrowers have reported being misled about the true cost of their loans, with some even being charged interest on interest. This is a classic sign of predatory lending practices.

The lawsuit seeks to hold Zoca Loans accountable for its actions and provide relief to affected borrowers.

A unique perspective: Tribeca Lawsuit Loans Interest Rates

777 Partners is the company at the center of the ZocaLoans lawsuit.

In February 2022, Al-Nahhas filed a class action lawsuit against 777 Partners, among other parties involved in making the illegal loans.

Al-Nahhas is seeking a court order to stop ZocaLoans from collecting the illegal loans, as well as an order declaring that consumers do not have to pay back the money credited to them because the loans are void.

Worth a look: Is Predatory Lending Illegal

The lawsuit against ZocaLoans and other predatory lenders is being led by Wallace Miller, a law firm with over 75 years of experience fighting for consumers' rights.

Wallace Miller's team has extensive experience in taking on oppressive lending practices and will continue to fight for those harmed by these lenders.

All consultations with the legal team at Wallace Miller are completely free and confidential, with no out-of-pocket fees for clients.

The law firm only receives payment if you do receive compensation for the harm caused by these lenders.

Recommended read: Payday Lender Definition

Loans like ZocaLoans and Minto Money are illegal in almost every state. If a court determines that your loan violates state law, you are likely not required to pay back the loan.

Individuals who have been targeted by this type of illegal lending practice may be able to recoup the money that they lost, in addition to compensation for the suffering these companies have caused.

Wallace Miller attorney Matthew J. Goldstein is fighting for consumers who have been preyed upon by predatory lenders.

A unique perspective: Ez Money Loan Services Lawsuit

Zoca Loans has been embroiled in a lawsuit, and at the center of it are several key figures.

Brian Coester, a former CEO of Zoca Loans, was a key player in the company's operations.

The lawsuit alleges that Coester and other executives engaged in deceptive practices.

Coester has denied any wrongdoing, stating that the company's practices were transparent and compliant with regulations.

The lawsuit is ongoing, with many plaintiffs seeking compensation for their alleged losses.

Plaintiffs claim to have been subjected to unfair and deceptive practices, including being charged excessive interest rates and fees.

The case has garnered attention from consumer advocates and regulators, who are scrutinizing Zoca Loans' business practices.