Class Actions
| IMPORTANT NOTE:
This website has been developed to provide general information
to potential class members on a number of class actions that
have been commenced concerning pay day loans.
The site is not designed to answer questions about your individual
situation or entitlement. Do not rely upon the information provided
on this website as legal advice in respect of your individual
situation nor use it as a substitute for individual legal advice.
The information collected about potential class members will
assist counsel in prosecuting the class action and assessing
what damages were suffered by the class as a whole. Providing
the information requested does not make you the client of Koskie
Minsky LLP, Paliare Roland Rosenberg Rothstein LLP, or Sutts,
Strosberg LLP. The court will ultimately decide who will be
included as a class member.
|
Payday Lender Class Actions
A “payday loan” is a short-term loan advanced by a
lender that is due on or before the borrower’s next payday.
The lender charges various fee and interest on the loan. Usually,
at the time the loan is advanced, the lender requires the borrower
to provide it with a cheque postdated to the borrower’s next
payday, in an amount that includes the principal amount borrowed,
interest and other fees. In some cases, in addition to a contract,
the lender requires the borrower to sign an assignment of wages.
Unless the loan is repaid prior to the borrower’s next payday,
the lender cashes the cheque as repayment of the loan.
Paliare Roland Rosenberg
Rothstein LLP acts as class counsel (in some cases in partnership
with Sutts, Strosberg LLP
and Koskie Minsky LLP)
for the representative plaintiffs against a number of companies
that offer payday loans. In each of the payday loan class actions
it is alleged that the interest and other fees charged on the payday
loans constitutes a criminal rate of interest, contrary to Section
347 of the Criminal Code of Canada. On behalf of the class in each
case we are seeking damages and an order to prevent the lenders
from continuing to charge a criminal rate of interest.
If you have taken out a “payday loan” at any Canadian
branch of the companies listed below (subject to any exclusions
noted in the individual Statements of Claim), we invite you to review
the Frequently Asked Questions and to contact info@paydaylenderclassactions.com
with answers to the following questions:
- Name, address and contact information including phone numbers
and e-mail addresses;
- A brief history of your experience with any of the companies
listed below including details of amounts borrowed and interest
charged;
- Have you repaid your loans in full or are they in default?
- Information and details pertaining to “payday”
loans from other lenders not listed below.
Current Payday Loans Class Actions
You may click on the links below to read news releases and court
documents for payday lender class actions currently in progress.
Please note that this site will be updated from time to time as
new actions are commenced. Feel free to contact us to discuss potential
new claims, if you have dealt with a payday lender that is not listed
below,
o National
Money Mart Company
o Stop
‘N’ Cash
o Cash Money Cheque Cashing Inc.
o Unicash
o Cash Cow
o Premiere
Financial Services Ltd.
Frequently Asked Questions
For Further Information Please Contact:
Mailing Address:
Paliare Roland Rosenberg Rosenberg LLP
Attention: Scott Werry
250 University Avenue, Suite 501,
Toronto, Ontario M5H 3E5
E-mail: info@paydaylenderclassactions.com
Phone: (416) 646-7409
Toll Free: 1-888-880-8609.
