Western Sky Financial Class Action Settlement (Georgia Only)
If you took out a loan from the online lender Western Sky Financial, LLC (you may also know it as CashCall) and you lived in Georgia at the time you took out the loan, you are entitled to benefits from this settlement.
Some Georgia borrowers are eligible for monetary payments. Eligible borrowers must file a Claim Form to receive their payment. If your original loan amount was more than $3,000 and you repaid an amount equal or greater than your loan proceeds plus 60% interest per annum or if your loan amount was less than $3,000 and you repaid an amount equal or greater than your loan proceeds plus 10% interest per annum, you are entitled to a monetary payment. If you are entitled to a monetary payment, you have been sent a Notice and Claim Form for your eligible loan(s).
A Notice packet was mailed to all Georgia borrowers who are eligible for a monetary payment on March 24, 2017. If you took out a loan from Western Sky Financial while living in Georgia and you have not received a Notice or if you are not sure if you had a loan that qualifies for a payment, you should contact the Payment Administrator, Dahl Administration, by email at info@GAWesternSkySettlement.com or by calling toll-free to 1-888-865-9788 between the hours of 8:00 a.m. and 5:00 p.m. Eastern Time.
Some Georgia borrowers are eligible for loan forgiveness. You do not have to do anything to receive this benefit. On March 23, 2017, Georgia borrowers with open loans still owned, serviced, or collected by Defendants, were sent notice that their loans are discharged canceled, released, forgiven, and adjusted to zero balance.
CREDIT HISTORY ADJUSTMENT
All Georgia borrowers are eligible for a credit history adjustment. You do not have to do anything to receive this benefit. On March 9, 2017, Defendants notified all applicable credit bureaus to request that any reporting that they have made for covered loans be removed.
LOANS SOLD TO THIRD PARTIES BY WESTERN SKY
If your loan was sold to a third party by Defendants, notification was sent to the third party on March 9, 2017 notifying the third party that the loan should be deemed canceled.
Proof of Purchase
State of Georgia v. CashCall Inc., et al.,Case No. 2013-CV-234310Superior Court for Fulton County, Georgia
The lawsuit alleges that among other violations Sky Financial and related companies engaged in lending practices that were against Georgia law