Legal Opinion
Betty L. Besta v. Beneficial Loan Co. Of Iowa, Beneficial Loan Company of Iowa v. Betty L. Besta
Court of Appeals for the Eighth Circuit
Decided August 25, 1988No. 87-1801PublishedCited by 14 opinions
1Opinion of the Court
BEAM, Circuit Judge.
Betty L. Besta appeals from an order of the district court dismissing her claim that her loan agreement with Beneficial Finance Company of Iowa (BFC) is unconscionable. We reverse.
Background
The loan at issue (Loan II) was written on May 2, 1983, and in part refinanced an earlier loan made in 1981 (Loan I). The loans were structured in the following manner:
Loan I Loan II
Amount Requested $1000.00 $ 500.00
Cash Advanced $1249.33 $1442.23 1
Insurance Premiums $ 214.02 $ 972.00
Recording Pees $ 15.00 $ 184.00
Loan Principal $1478.35 $2598.23
Length of Loan 36 months 72 months
Annual…
2Cases cited5 opinions
- James Hill, A/K/A Amin Khatib Muhammad v. David Blackwell and Donald WyrickCourt of Appeals for the Eighth Circuit · 1985
- Home Federal Savings & Loan Ass'n of Algona v. CampneySupreme Court of Iowa · 1984
- Kansas State Bank v. Citizens BankCourt of Appeals for the Eighth Circuit · 1984
- Joseph A. Mullan, an Individual v. Quickie Aircraft Corporation, a California CorporationCourt of Appeals for the Tenth Circuit · 1986
- Smith v. HarrisonSupreme Court of Iowa · 1982
3Cited by14 opinions
- Charles Douglas Gulley, Jr. Elizabeth Gulley v. The Mayo FoundationCourt of Appeals for the Eighth Circuit · 1989
- In Re MalloyDistrict Court, E.D. Virginia · 1993
- In Re MilbourneUnited States Bankruptcy Court, E.D. Pennsylvania · 1989
- Barker v. Altegra Credit Co. (In Re Barker)United States Bankruptcy Court, E.D. Pennsylvania · 2000
- Lewis v. Delta Funding Corp. (In Re Lewis)United States Bankruptcy Court, E.D. Pennsylvania · 2003
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