EasyPay Finance is a financing company used by many active military service members to help pay for costly unexpected auto repairs or even the purchase of furniture or a pet. Many service members find out about Easy Pay Finance at the place of purchase such as an auto repair shop, furniture store, or pet store.
Are The Interest Rates Charged By Easy Pay Legal?
EasyPay purportedly applies exorbitant interest rates on the financing of auto repairs, furniture purchases and even a purchase of a pet which can saddle active service members with long-lasting debt. The financing practices of EasyPay have been the subject of a recent report describing the challenges several active duty servicemen and women have endured with EasyPay Finance.
Do Active Service Members Have Any Protections Against Overly High Interest Rates?
The Military Lending Act offers several protections to active service members from certain lending practices. Manfred, APC is currently investigating whether the financing practices of EasyPay have violated the rights of service members under the Military Lending Act. If you are an active duty service member who has financed an auto repair or other purchase with EasyPay Finance, we are happy to discuss and evaluate any potential legal claims you may have.