Wednesday, June 4, 2014

General Revenue Student Loan Collection Letter Settlement

Have you received debt collection letter from General Revenue Corporation? If yes, then you can get $6.20 cash from the General Revenue Student Loan Collection Letter Settlement.

People who received debt collection letter about their student loan from General Revenue Corporation (GRC) between May 23, 2011 and June 6, 2012 can get $6.20 compensation from a class action settlement. GRC has agreed to pay $1,250,000 as compensation to around 134,000 individuals for settling the class action lawsuit.

BibleFDCPASettlement.com: General Revenue Student Loan Collection Letter Settlement

Plaintiff Bryana Bible filed a class action lawsuit on behalf of people who have similar claims against General Revenue Corporation. She claimed the company sends collection letters that misstated the amount of time available to request a review of the student loan debt and thereby violated the Fair Debt Collection Practices Act (FDCPA). The company refuses these claims but ready to settle the lawsuit to avoid the expense and inconvenience.

All the Class Members of General Revenue Student Loan Collection Letter Settlement will get $6.20 without filing any claim. The payments will be made on the basis of records available to GRC. The final Hearing will take place on June 27, 2014.

Highlights of General Revenue Student Loan Collection Letter Settlement

Official Website: BibleFDCPASettlement.com
Potential Award: $6.20
Class Period: May 23, 2011 and June 6, 2012
Claim Form: No claim form is necessary. Payments will be made based on records available to GRC.
Final Hearing: June 27, 2014

Claims Administrator
Bible v. General Revenue Settlement Administrator
P.O. Box 43241 Providence,
RI 02940-3241
1-855-569-5885

Class Counsel
E. Michelle Drake
NICHOLS KASTER PLLP

Defense Counsel
Lisa M. Simonetti
STROOCK & STROOCK & LAVAN LLP

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