Victims of Payday Loan Scam Will Receive Refund
Victims of Payday Loan Scam Will Receive Refund

Victims who were scammed by AMG Services, an online payday lender, will receive a refund from a recent settlement. The payday loan scheme was run by former race car driver Scott Tucker, who has been convicted of criminal charges for his role in the exploitative .

Tucker issued payday loans and routinely charged interest rates of 700 to 1,000 percent, surpassing the legal limit for payday loans in states that regulate the practice.

More than a million individuals will be receiving refunds from the $505 million settlement. It is the largest litigated settlement in the history of the Federal Trade Commission (FTC).

Who is Eligible for a Refund from the Settlement?

Victims who may be eligible for a refund are those who took out loans between January 2008 and January 2013 from AMG or any of its affiliates. They include 500FastCash, Advantage Cash Services, Ameriloan, OneClickCash, Star Cash Processing, UnitedCashLoans and USFastCash.

Last year, Tucker was convicted of 14 criminal charges, including racketeering, and is serving a 16-year sentence.

“This settlement is a significant win for consumer rights,” said Attorney Walter Clark, founder of Walter Clark Legal Group.

Our firm has been handling personal injury cases throughout the California Low Desert and High Desert communities for over 30 years. With a 95% success rate, the California personal injury attorneys at Walter Clark Legal Group will fight to hold those responsible for your loss accountable and win compensation to cover medical bills, lost wages, and pain and suffering. If you have been injured and want to discuss your legal options, contact us today for a free consultation with an experienced personal injury lawyer. We have offices in Indio, Rancho Mirage, Victorville, El Centro, and Yucca Valley, and represent clients through the entire California Low Desert and High Desert communities.

DISCLAIMER: The Walter Clark Legal Group blog is intended for general information purposes only and is not intended as legal or medical advice. References to laws are based on general legal practices and vary by location. Information reported comes from secondary news sources. We do handle these types of cases, but whether or not the individuals and/or loved ones involved in these accidents choose to be represented by a law firm is a personal choice we respect. Should you find any of the information incorrect, we welcome you to contact us with corrections.

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