Payday Loan Provider Quik Cash Agrees to Reimburse Consumers

Quik Cash, one of the nation's largest payday lenders with 550 locations across the country, has agreed to pay up to $170,000 in restitution to consumers who were victims of consumer fraud.

Under a settlement agreement, Quik Cash will pay restitution to consumers who had judgment for loans entered against them in the Pima County Justice Court even though they signed up for the loans outside of the county and didn't live there, Arizona Attorney General Tom Horne said in a statement. After obtaining the judgments, consumers were subject to collection efforts, including garnishment of wages, Horne said.