It is important to remain aware of possible lawsuit
settlements that may affect you. A group of Lowes
customers and attorneys have brought a claim against
Lowes for a payment receipt violation. The lawsuit
claims that Lowes printed more than the last 5 digits of
the credit card number on payment receipts when
customers paid on their account in store. If you look at
your payment receipt when you make a credit or debit
card payment, you will see they only print the last four
digits of your credit/debit card. The payment receipt
settlement alleges that Lowes printed more than the last
four allowed by law. Lowes issues their credit cards
through GE Money Card. This lawsuit went forward
due to identity theft and people who throw away their
payment receipts and someone finds their credit card
number on it and uses it. The settlement only
applies to those who made payments in store between
certain dates and received a payment receipt.
The
Lowes settlement occurred when cardholders made in
store payments on their Lowes branded GE Money Bank
credit card balances. If you are a past or present
Lowes branded GE Money bank credit cardholder and made a
payment on your account in the store between
1/1/2005 and 3/24/2008 you are probably eligible
for a settlement. You do not need to show the receipt or
proof that you made a payment in store. If you did,
it will be reflected in your credit history at Lowes.
Lowes
claims that they did not print the cardholders
entire account card number on payment receipts and put
them at risk of identity theft. The court has not
ruled on if Lowes did anything wrong, but there is
a settlement. If you believe that you are are
qualified to be part of this class action lawsuit
settlement, you have three options. If you made
one payment on your Lowes credit card, submit a claim
form online or by mail by 9/1/2011 and you may receive a
gift card valued at $25. If you made two payments,
the gift card will be $33.
If you made three or more
payments, you are eligible for a $40 Lowes gift
card. The gift cards can be used just as cash in
any Lowes store. It is interesting to note that the class members representative will receive $2500.00 and the attorneys for the plaintiff $1,724.000.
You
can also choose to do nothing and remain in the lawsuit.
You will not receive a gift card if you choose this
option. You will still remain a plaintiff in the
lawsuit and be bound by the final settlement, which
could be nothing or more depending on what the court
decides. You can also exclude yourself and reserve the
right to sue Lowes at your own legal expense. To be
excluded from this settlement, you must send a letter to
Lowes Settlement Administrator by 5/2/2011stating that
you wish to be excluded from the payment Receipt
Settlement. You can always make your statements known by
writing to the court whether you agree or disagree with
the payment receipt settlement lawsuit. Contact the
payment Administrator at 1-866-890-4859 for more
information or visit their Payment
Receipt Settlement Website to submit
your claim
