Check ‘n Go to pay refunds to California consumers

Monday, December 31, 2012

 

Borrowers of Check ‘n Go online installment loans, in California, are eligible for $4.3 million in refunds if they file a claim quickly.

Refunds are expected to range from $20 to $4,675 for each borrower for reimbursement of interest and fees.

The payday lender was charged with making online loans to California consumers with interest rates of as much as 400%, skirting the state's 36 % cap for that kind of loan, according to the San Francisco City Attorney's office. In settling, Check 'n Go has not admitted wrongdoing.

Check ‘n Go customers may qualify for refunds if they received a four-month online installment loan between November 2006 and June 2008 through the following websites: www.checkngo.com, www.ilp.fbdel.com, and www.commandloans.com.

Borrowers must send a claim form and required ID to the settlement administrator no later than March 28, 2013.

For claim form and other information visit:
www.caloanrefund.org
1-855-581-2350

Deadline: March 28, 2013

 

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