Despite these reforms, wage loan providers were still the option that is only to many low earnings families, have been considered bad credit dangers.

After considering both the procedural and substantive components of unconscionability, *1376 I conclude that enforcing the arbitration clause within the agreements and also the arbitration contract from the payday customers would cause an unjust outcome. Consequently, the arbitration contract arising from the agreement that will require the parties to arbitrate is unconscionable and stricken through the agreement as invalid. Read more