Check N' Go class action lawsuit settled.
Back on December 6th 2007, I posted about the Check N' Go class action lawsuit, and because I used them for a payday loan advance, that made me part of the suit.
Check n' go was sued because the interest on the loan exceeded the maximum amount allowed under Florida law.
The amount I paid in interest was $530.00
Because I had not been feeling well all weekend and most of today, I just now checked the mailbox, and in it was an envelope about the class lawsuit.
Each claimant will be receiving almost 40% of their excess interest fees, so my check is for $211.05.
And in the envelope with all of the important legal stuff, was my check.
Yay!
I went to the class action lawsuit website to check on any other important news or whatever, and saw that they are no longer accepting any more claimants, and also saw that they mailed the checks out on July 25th.
The total of the settlement was $10,275,000, so based on that number and my pro rata settlement check, it appears Check n' Go screwed over a ton of people in the state of Florida with their loan sharking interest rates.
Comments
Those payday loan places are bad news. So are those car *title loan* places. I'm just glad you got at least some of your money back.
Posted by: Christine | July 29, 2008 12:37 AM
That's great that you got some money back. At least you have more money to contribute to the back to school chaos!
Posted by: Mindy | July 29, 2008 2:47 PM