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
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