Eagle Loan Interest Rates Settlement Checks in the Mail

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Readers are reporting that they are receiving checks in the mail from a class action settlement over allegations that Eagle Loan Company charged a higher interest rate to customers than is permitted under state law.

According to reader comments and posts on the Top Class Actions Facebook page, Class Members who submitted timely and valid claims for the Eagle Loan interest settlement began receiving checks worth as much as $50 on Mar. 3, 2016.

If you filed a claim for the Eagle Loan Company class action settlement, keep an eye on your mailbox because you may soon be receiving your payment!

The Eagle Loan interest class action settlement resolves claims that between Aug. 2008 and Aug. 2015, the loan servicer charged Ohio customers an interest rate higher than 21 percent.

Eagle Loan denied the allegations but agreed to the settlement to avoid the cost of further litigation.

Class Members included all Ohio residents who took out a loan between Aug. 2008 and Aug. 2015 and had an interest rate higher than 21 percent.

The deadline to file a claim for the Eagle Loan class action settlement passed on Nov. 27 2015.

Congratulations to our Top Class Actions readers who submitted a valid claim and got PAID! If you missed out, sign up for our free newsletter to receive updates on new class action lawsuits and settlements. You can also check out which class action settlements are still accepting claims in our Open Class Action Settlements section.

The plaintiffs are represented by Jeffrey S. Goldenberg and Todd B. Naylor of Goldenberg Schneider, LPA; and Christian A. Jenkins of Minnillo & Jenkins Co., LPA.

The Eagle Loan Company Interest Rate Class Action Lawsuit Settlement is Adams v. Eagle Financial Services Inc., Case No. 1:14-cv-656-SSB-SKB, in the U.S. District Court for the Southern District of Ohio.