Settlement With Video Rental Stores
91 Montanans will receive checks reimbursing them for payments they made to National Credit Solutions, after the debt collector illegally charged for late fees and collection fees. This all happened after the video chains Movie Gallery and Hollywood Video ceased operations in Montana. The checks will come as the result of a lawsuit filed by Attorney General Steve Bullock.
Most of the checks will range from $100 to $250, and, under the settlement with NCS, some 8,000 Montanans will have negative information removed from their credit reports. Bullock also said that, even if the bankrupt companies try again to collect money, his office has received assurances that their efforts won’t affect consumers’ credit ratings.