People who paid interest on certain stores' deferred interest credit cards.
What's Going On?
Attorneys suspect that some stores' deferred interest credit cards are charging illegal amounts of interest. They are trying to determine whether class actions can be filed.
What Store Credit Cards Are Being Looked Into?
Apple, Kay Jewelers, Home Depot, Lowe's, Sears, Zales, Kohl's, Disney, Sony/Playstation, Cabela's, Forest River, Mor Furniture for Less, Raymour & Flanigan, Dressbarn, Lord & Taylor, Furniture Row, Helzberg Diamonds, Menards and Saks.
What You Can Do
If you have one of these store credit cards and were charged for your “deferred interest,” fill out the form on this page. One of the attorneys handling this investigation may then reach out to you directly to explain how you may be able to get the money you paid out in interest back.
How Much Does It Cost to Talk to Someone?
Nothing. The lawyers we work with have reason to believe consumers may be getting ripped off – and they’re trying to see if a class action lawsuit can be filed.
Attorneys are investigating whether lawsuits can be filed on behalf of people who paid interest charges on certain deferred interest store-branded credit cards.
It is believed that these cards allow for interest to becharged retroactively on entire purchase amounts when any of the balance – even one dollar – is left unpaid after the initial interest-free period ends.
Specifically, the attorneys are looking into potential class action lawsuits on behalf of people who were charged interest on the following deferred interest store cards:
Lord and Taylor
Raymour & Flanigan Furniture & Mattress
Mor Furniture for Less
If you paid interest charges on any of these deferred interest store credit cards, tell us about it by filling out the form on this page. After you get in touch, one of the attorneys handling this investigation may reach out to you directly to explain how and why you may be able to get back the money you paid out in interest. Any information you can provide can be crucial in determining whether class action lawsuits can be filed.
Deferred Interest Credit Cards: When Can Interest Charges Be Illegal?
It is believed that charging interest retroactively on the full amount of a consumer’s purchase – even when he or she has already made payments toward it – may violate federal and state law. Attorneys suspect that the terms of these deferred interest credit cards and the true cost of financing purchases "interest free" were never properly disclosed to those who signed up for the cards.
Retroactive Interest: An Example
Assume you bought a sofa for $2,500 with a store credit card that deferred interest for six months. At the end of the six-month window, you paid $2,400 of the balance. It is believed that some store cards are charging interest on the entire charged amount – $2,500 – rather than the remaining balance, which in this case would be only $100.
How You Can Help Us Fight Deferred Interest Charges
Attorneys working with ClassAction.org are investigating whether consumers can fight these interest charges through a class action lawsuit. Before they can even consider taking legal action, however, they need to speak with people who had these store credit cards.
If you were charged interest on your deferred interest credit card, fill out the form on this page and voice your complaints. One of the attorneys looking into these lawsuits may then call or e-mail you directly to explain more about their investigation and how you could take part. ClassAction.org does not share your information with anyone besides the lawyers we work with and it doesn’t cost anything to speak to someone about your rights.