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This discreet issue was recently ruled upon by the U.S. Court of Appeals for the Third Circuit in Goldenstein v. Repossessors Inc., 815 F.3d 142 (3d Cir. 2016). By way of background, Mr. Goldenstein obtained a $1,000 loan from Sovereign Lending Solutions, LLC.  The terms of the loan required Goldenstein to place his car for collateral and agree to a 250% interest rate on the […]