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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Big Picture Loans, an online installment lender, has agreed to pay $8.7 million to end class action claims it violated state law as well as the federal Racketeer Influenced and Corrupt Organizations Act (RICO).
Anyone who executed a loan agreement with Big Picture Loans and/or Castle Payday between June 22, 2013, and Dec. 20, 2019, may be eligible to benefit from this settlement.
Plaintiffs who filed the class action claims accused Big Picture Loans and Red Rock Tribal Lending, doing business as Castle Payday Loans, of making and collecting loans with higher interest rates than allowed by law and lending to consumers without a license to do so, among other things.
The plaintiffs claimed the companies’ loans violated state usury laws that govern how much interest lenders can charge, as well as federal laws preventing the collection of illegal debts.
The defendants argue the state law is not applicable to the loans they make and have denied all allegations of wrongdoing.
However, they have agreed to a settlement in order to avoid the expense and risk of ongoing litigation.
Big Picture Loans Settlement Benefits
The Big Picture Loans settlement provides several forms of relief.
Class Members who repaid their loan plus more than 2.5 times the original principal amount in payments over the life of the loan may receive a refund payment. Class Members wishing to receive a refund must file a valid claim form.
The amount of the payment will depend on the interest paid on the loan and how many total claims are filed by other Class Members.
For Class Members whose loans are not fully paid off or are not more than 210 days past due, the defendants have agreed to collect no more than 2.5 times the original principal amount of the loan in payments made over the life of the loan.
The defendants have agreed to cease collection activities and cancel the loans as a contested liability for Class Members whose loans are or become more than 210 days in default.
The defendants have agreed not to assign, sell, or transfer interest in any such loans or future loan proceeds from these loans.
The deadline to object to the Big Picture Loans settlement has passed.
A final hearing in the case was held Dec. 15, 2020.
The deadline to file a claim is Sept. 10, 2021.Â
Who’s Eligible
Anyone who executed a loan agreement with Big Picture Loans and/or Castle Payday between June 22, 2013, and Dec. 20, 2019.
Potential Award
Varies.
- Class Members who repaid their loan plus more than 2.5 times the original principal amount in payments over the life of the loan may receive a refund payment. Class Members wishing to receive a refund must file a valid claim form. The amount of this payment will depend on the interest paid on the loan and how many total claims are filed by other Class Members.
- For Class Members whose loans are not fully paid off or are not more than 210 days past due, the defendants have agreed to collect no more than 2.5 times the original principal amount of the loan in payments made over the life of the loan.Â
- The defendants have agreed to cease collection activities and cancel the loans as a contested liability for Class Members whose loans are or become more than 210 days in default.
Proof of Purchase
Emails, customer service chat logs, repair records, insurance claims, Return Merchandise Authorization confirmations, or other credible evidence of microphone or speaker failure.
Claim Form
NOTE:Â If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
09/10/2021
Case Name
Renee Galloway, et al. v. James Williams Jr., et al., Case No. 3:19-cv-00470-REP in the U.S. District Court for the Eastern District of Virginia, Richmond Division
Final Hearing
12/15/2020
Settlement Website
Claims Administrator
Big Picture Class Action
c/o Settlement Administrator
P.O. Box 23369
Jacksonville, FL 32241-3369
1-800-641-9098
info@bplsettlement.com
Class Counsel
Leonard A. Bennett
CONSUMER LITIGATION ASSOCIATES PC
Defense Counsel
David N. Anthony
TROUTMAN PEPPER
Craig Thomas
MERRITT CHRISTIAN & BARTON LLP
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24 thoughts onBig Picture Loans Settles State Law, RICO Violation Claims for $8.7M
I had loan with big picture loan but I file bankruptcy after awhile with the loan, can I still file claim?? I just found about it
I haven’t received anything
I received a check this week from the settlement.
I received check in mail today Las Vegas but Im not sure how much it is
How much will each claimant receive if their loan was paid off? When will the settlement payment be paid? I filed my claim in July 2021.
I got a check and the mail today, not sure how much yet, but I’m in Michigan,
Each amount is different
Please add me
Add me
Please add me to this class action against BIG PICTURE LOANS case 3:19-cv-00470-REP. Thanks !
Please Add Me!!!
I have received loans from the above company that I had high interest rates and pay off several loans. I have an outstanding loan with them now that I am making payments. I would like to know how to I get a ID#: and a PIN#:???
I haven’t received a claim number. Please add me