The details of a proposed settlement of a class action lawsuit against Money Mart, and its U.S. parent company Dollar Financial, were made public today.
The 264,000 plaintiffs, who owe a total of $43 million, will have their debts forgiven, and Money Mart must pay the complainants a total of $27.5 million in cash, and $30 million in coupons redeemable against future loan transactions. The estimated average final payout to the plaintiffs is $380.00.
The lawsuit, filed in 2003, alleged that the money lender was charging rates of interest that were illegal. The complaint alleged that the fees charged for so called 'fast cash advances' should be considered part of the 'criminal interest rate.'
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how do we fill out a claim form to be involved in this class action suit?? I know for fact the owe me a bundle also?? someone has called me a few times but I didn answer and it was a message about this law suit and now I cant get through,
Posted by john vilks
on
I'm from Edmonton and just wondering if they owe me money. Let me know and where to go from here. Thank you
Posted by SHARON BARBEAU
on
THEY MUST OWE ME A BUNDLE OVER THE YEARS I DID USE THEM.WORK TO PAY MONEY MART AND RELOAD TO LIVE.TIRED OF THAT RUT AND FILED BANKRUPT FEW YEARS BACK.
Posted by Mark Gravel
on
Wonder how much they owe me
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