Payday Lender Settles Suit With Hundreds of Montanans - KULR-8 Television, Billings, MT

Payday Lender Settles Suit With Hundreds of Montanans

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BILLINGS -

If you borrowed money from LoanPoint USA, you might not have to pay it back or you could be getting money back.

The Kansas-based Internet payday loan company reached a settlement, agreeing to forgive hundreds of thousands of dollars in debt.

Attorney John Heenan told KULR-8 News that he filed a class action lawsuit on behalf of Tiffany Kelker of Billings.

She was paying roughly 900% in interest.

Montana law caps that number at 36%.

384 Montanans were part of the suit.

The average person will get back $500 and one as much as $3,000.