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Alleged Harassment Expensive for Online cash advance Company A online cash advance company in Washington is paying a hefty price after customers filed a class-action lawsuit against the company for harassment. The company settled the lawsuit out of court, which means they do not admit to any wrongdoing on their part. However, the company must fork over a total of $2.5 million to be split among 10,701 plaintiffs. online cash advance Allegations Pacific Financial Holdings Inc. is based in Federal Way, Washington, and owns Loan Ex. According to The Spokesman-Reviewnewspaper in nearby Spokane, Misty Schleve accused Loan Ex of making harassing phone calls after she was late repaying $200 for a online cash advance. According to Schleve, she got a barrage of phone calls from the company in which they accused her of being a thief and used profanity. She says they also contacted her relatives regarding her debt. online cash advance Settlement The terms of the settlement dictate that the company must pay all customers who may have been subjected to similar treatment. This amounts to every customer who defaulted on online cash advancesbetween Aug. 18, 2001, and Aug. 18, 2005. The suit was filed in 2005, and a county judge approved the settlement this month, on Feb. 18. The company has until May 1 to notify all eligible recipients in the suit. online cash advance Case closed After the suit was certified as a class action, the company appealed to the Washington Supreme Court, which would not hear the case. The case was sent back to the county court, and the company agreed to the settlement. The case didn’t make it to federal court because “an arbitration clause in the online cash advance agreement could have trumped a class-action lawsuit,” according to the Spokesman-Review. Get your online cash advance now
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