First Financial  
 

Some Payday Borrowers May Get Refunds

Residents of Central Valley, Calif., may qualify for repayment from a 2007 lawsuit settlement with payday lending company Money Mart/Loan Mart. A judge ordered the firm to compensate California customers up to $7.5 million as part of the accord. The suit was filed on behalf of the people of California, alleging that the payday lending business participated in predatory lending schemes. There is an Oct. 1, 2012, filing deadline for customers who believe they may have been victims of this alleged scheme. Customers may be eligible for a refund if they took out a “payday loan advance” between January and July 2005 or if they borrowed “installment loans” or “CustomCash loans” between July 2005 and March 2007 from a store operated by the company. Qualified recipients could receive refunds of up to $1,800 for interest, fees, and finance charges that they paid.

Central Valley Business Times (CA) 06 Sep 2012

Comments are closed.


First Financial

First Financial ® Corporate Headquarters 2850 Womble Road Suite 100-604 San Diego, CA 92106

Client Service Center:  Main: 1-800-315-7791  Fax: 1-800-215-0217 (Monday–Friday 5:00am–6:00pm Pacific or 8:00am–9:00pm Eastern)

Merchant Services / High Risk Merchant Accounts: Main 1-800-950-0212  Fax: 1-800-215-0217

 

Offer Disclosure: If we are not able to present you with an offer, you may be presented with an offer form another company.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service.

The card offers that appear on this site are from companies from which this website receives compensation.

This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace.

This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

First Financial® is a Federally Registered Trademark

©1994-2019 First Financial®, All Rights Reserved. All other products and company names are trademarks of their respective companies.