Legal Opinion
PRA III, LLC v. Hund
Appellate Court of Illinois
Decided March 3, 2006No. 3-04-0886PublishedCited by 5 opinions
1Opinion of the CourtJustice McDADE
Plaintiff, PEA III, LLC (PEA), is in the business of buying and collecting bad credit card debts. Defendant, Cheryl Hund, had entered into a credit card agreement with Associates National Bank and agreed to pay interest at 20% on unpaid balances. PEA acquired Hund’s debt by assignment and sought to recover it, charging the same rate of interest as had its predecessor in interest. PEA filed a complaint against Hund to recover the debt, including interest accumulated at the original rate after PEA acquired the debt. Hund filed a counterclaim alleging that by charging interest on the debt it…
2Cases cited16 opinions
- Cipollone v. Liggett Group, Inc.Supreme Court of the United States · 1992
- Federal Trade Commission v. Sperry & Hutchinson Co.Supreme Court of the United States · 1972
- Robinson v. Toyota Motor Credit Corp.Illinois Supreme Court · 2002
- Cheshire Mortgage Service, Inc. v. MontesSupreme Court of Connecticut · 1992
- Blakeslee's Storage Warehouses, Inc. v. City of ChicagoIllinois Supreme Court · 1938
11 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Apollo Real Estate Investmend Fund, IV, L.P. v. GelberAppellate Court of Illinois · 2009
- Buford v. PALISADES COLLECTION, LLCDistrict Court, N.D. Illinois · 2008
- Apollo Real Estate Investment Fund v. GelberAppellate Court of Illinois · 2009
- Roberta Linderman, on behalf of Plaintiff and the class members described herein v. NewRez LLC, doing business as Shellpoint, and The Bank of New York MellonDistrict Court, N.D. Illinois · 2026
- Zachial v. Cascade Capital, LLCDistrict Court, N.D. Illinois · 2019