Remember a long time ago.. May 26th 2006 if you want to be specific – a company known as Ameriquest was in some hot water with our attorney general Tom Miller? Well, the settlement that came out of that lawsuit is FINALLY providing restitution for those who were affected by the tactics that the employees were using when originating loans between 1999-2005.
This settlement came from a lawsuit accusing Ameriquest employees of deceiving consumers to meet sales quotas. Ameriquest agreed to pay $295 million to consumers nationwide and has reformed its sales techniques.
In Iowa, payment checks will range between $159 and $3,389. If you have any questions or think you may qualify for the settlement, call (800) 420-5875.
For a link to the whole story, click here.