North Carolina Western Sky, CashCall Payday Loan Settlement

Western Sky Financial LLC has agreed to a settlement with the state of North Carolina over the online lender’s lending practices. If you took out a loan from Western Sky Financial (also known as CashCall) and you lived in North Carolina at the time, you may be entitled to compensation from the payday loan settlement.

The State of North Carolina filed the payday loan lawsuit against Western Sky, CashCall Inc., WS Funding LLC and Delbert Services Corporation in 2013, accusing them of making illegal loans to consumers in North Carolina.

Western Sky and the other defendants allegedly enticed consumers who needed quick cash to take out disadvantageous loans with excessively high interest rates.

In 2015, a North Carolina judge issued an opinion and order against the defendants, issuing a preliminary injunction to bar them from advertising loans, offering loans, selling or transferring loans to state residents, and/or soliciting or collecting loan payments.

The state’s attorney general subsequently sought to cancel the companies’ existing loans and shut the companies down for good.

The court entered judgment against Western Sky on June 15, 2016. On this date, Western Sky was ordered to immediately cancel any loans covered by the settlement. As a result, North Carolina borrowers are no longer required to make payments on their Western Sky or CashCall loans, and they may be entitled to compensation.

Eligible Class Members should have received a notice about the Western Sky settlement in the mail. According to the class action settlement website, the initial notices were mailed on Aug. 12, 2016. If your address has changed since you took out a loan from Western Sky, contact the Settlement Administrator to update your mailing address.

Who’s Eligible

If you took out a loan from Western Sky Financial (also known as CashCall) and you lived in North Carolina at the time, you are entitled to benefits from the Western Sky settlement.

Potential Award

In addition to receiving cancellation of any loans owned by the defendants, eligible borrowers will also receive a credit history adjustment to remove any information related to the loans.

If you repaid an amount equal or greater than your loan proceeds plus 16 percent interest per annum, you may be entitled to a refund. Refunds will be issued on a pro rata basis.

For those who qualify for a refund, the refund amount is included on the notice and Participation Form documents that were mailed to eligible claimants. Click here to find out how pro rata refunds will be calculated.

Proof of Purchase

N/A. Claimants must enter their 8-digit Claimant ID printed on the Notice Letter. If you did not receive a Notice Letter but you believe you are entitled to a refund from the Western Sky settlement, contact the Settlement Administrator.

Claim Form

CLICK HERE TO FILE A PARTICIPATION FORM »

Claim Form Deadline

5/31/2017

NOTE: If you do not file a Participation Form by the deadline, you may still obtain your refund by contacting the North Carolina Treasurer.

Case Name

State of North Carolina, ex rel. Roy Cooper, Attorney General and Ray Grace, Commissioner of Banks v. Western Sky Financial LLC, et al., Case No. 13-CVS-16487, in the General Court of Justice, Superior Court Division, for the State of North Carolina, County of Wake

Settlement Website

www.NCWesternSkySettlement.com

Claims Administrator

North Carolina Settlement Fund Administrator
c/o Dahl Administration
P.O. Box 3614
Minneapolis, MN 55403-0614
1-855-253-5197
info@NCWesternSkySettlement.com

Class Counsel

Roy Cooper, North Carolina Attorney General

Defense Counsel

WOMBLE CARLYLE SANDRIDGE & RICE LLP