Check 'n Go settles lawsuit for $4.3M
Posted: 12/28/2012
Last Updated:
141 days ago
SAN FRANCISCO (AP) -
Californians charged interest rates of up to 400 percent by the loan company Check `n Go could be eligible for refunds after a $4.3 million legal settlement agreement.
San Francisco City Attorney Dennis Herrera told the San Francisco Chronicle that anyone who obtained a loan from the company between November 2006 and June 2008 could qualify for the refunds.
Herrera's office in 2007 sued payday lenders MoneyMart, Loan Mart and Check `n Go for their unlawful interest rates. More than $8,100 refunds from Money Mart and Loan Mart were doled out earlier this year after a legal settlement.
People have until March 29 to claim a $20-to-$4,675 refund for the latest Check `n Go settlement.
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