City Attorney Dennis Herrera has taken partin a “Pay Me Maybe” parody video that raises awareness aboutthe Oct. 1 deadline for consumers to file claims for repayment from MoneyMart or Loan Mart as part of a statewide $7.5 million settlement negotiatedby Herrera’s office.  The non-commercial public service video, whichwas an internship project by Jeanne Pastore, cleverly pays homage to thissummer’s ubiquitous internet meme of home-made videos that feature CarlyRae Jepsen’s hit single, “Call Me Maybe.”

You can help spread the important public service message Jeanne’s videoso entertainingly conveys by re-tweeting, sharing and/or posting it onyour web page.   Please also consider email blasting the video toyour members, coalition partners or constituencies throughout California.

YouTube:  http://www.youtube.com/watch?v=gHhf8YYCdhA

On behalf of California consumers, City Attorney Dennis J. Herrera suedMoney Mart (owned by Dollar Financial Inc.) alleging that certain loansoffered at Money Marts in 2005 were illegal and that installment loansoffered in Money Mart stores from 2005 to 2007 were illegal. The City Attorneyand Money Mart have reached a settlement requiring Money Mart to repayCalifornians who took out the loans at issue.

Questions or for more information: Phone | SF 3-1-1 Money Mart Settlement Hotline at (866) 497-5497 Email | MoneyMartSettlement@sfgov.org Web | sfcityattorney.org Facebook | facebook.com/sfcityattorney

Am I Eligible For a Repayment? You may be eligible for repayment if: you borrowed a pay day advance loan (sometimes called a “Cash ‘til Payday”loan) at a Money Mart store between January 2005 and July 2005, or you borrowed an installment loan (sometimes called a “CustomCash” loan)at a Money Mart store between July 2005 and March 2007.

How Much of a Repayment Can I Receive? If you are a customer who took out one or more of these loans, you couldreceive the full amount of interest, fees or finance charges that you paid,minus $45 for each two weeks of the loan term, minus any other amount youowe to Money Mart for the loan principal on this or other loans, and minusany amounts you owe to Money Mart in connection with check-cashing transactions.The amount you receive will depend on your particular circumstances andmay depend on how many people apply for repayment.

How Do I Claim My Cash Award? Visit www.sfcityattonrey.orgto download and print the Claim Form and mail it to the third-party SettlementAdministrator, Gilardi & Co., LLC at the address below. It must bepostmarked by October 1, 2012. Claims postmarked after October 1, 2012will not be eligible. Mail to: Installment Loans Settlement Administrator,c/o Gilardi & Co., LLC, PO Box 8060, Corte Madera, CA 94912-8060

 

KEVIN L. EASTON Coordinator,

Community Relations

Categories: News

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