Household Finance Corp. v. Vogel

This is an action of contract to recover $1,387.10 on a promissory note dated August 24, 1965 in the principal amount of $1,016.49, on which the defendants have made payments of $286. The answer was a general denial, a claim of payment, a claim the plaintiff’s claim is void, illegal and against public policy and that the plaintiff’s claim is void because of usury. The court found for the plaintiff in the sum of $1,387.10.

At the trial there was evidence to show the following: the plaintiff was a corporation duly licensed to engage in the business of making small loans under the provisions of…