This is the third Settlement and related Notice about a series of lawsuits claiming that Plain Green and Great Plains loans and If you can, ask for a raise at work or switch to a higher-paying position. Youve probably heard: this holiday season, it might be harder to find the gifts youre looking for. 3:19-cv-1481 (N.D. The FTC and its law enforcement partners announced actions against several income scams that conned people out of hundreds of millions of dollars by falsely telling them they could make a lot of money. You may call the bank and seek a rescheduling or restructuring of the loan with a lower EMI and a longer repayment period since you lost your employment. Receiving and cashing a check from the CFPB does not mean you give up your rights to pursue further action against the defendant. One of those scams was 8 Figure Dream Lifestyle, which touted a proven business model and told Scammers are calling people and using the names of two companies everyone knows, Apple and Amazon, to rip people off. Think Finance was considered to be the pioneer of innovative products that were aimed at consumers who were not getting the right lending services. Can you go to jail for not paying a court ordered debt? You can opt out of the Settlement, and you will not be eligible for any benefits, including any cash payments. Payday Loan Non-Repayment Debt is not a kind of deception. Text. A national payday lender, Think Finance, was accused of offering payday loans in states where the product is illegal. Objection Deadline: June 24, 2022. Every day, a large number of borrowers fail on a loan, and one of the most frequent questions they have is if nonpayment would result in incarceration. Email: With this in mind, it is clear why they went after Think Finance and affiliated entities. Student loan cancellation is when the borrower is no longer required to repay some or all of their student loan. Attorney General Shapiro will continue his litigation against Think Finances former CEO, Kenneth Rees, and its debt collection firm, National Credit Adjusters. If you dont pay your loan, may you be arrested and imprisoned? any other lawsuit against, or recover any additional monies from, the Released Parties concerning the claims relating to your Great Plains, From 2010 to 2015, Think Financial LLC was an Honoree on the Inc. 5000 Magazines list of fastest-growing companies.