Claim $174 Aaron’s New Jersey Rent-to-Own Contract Fees Class Action Settlement

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Who is a Class Member

You are included in the Aaron’s New Jersey Rent-to-Own Contract Fees Settlement if you are one of the 22,145 persons identified by Aaron’s as having entered into a rent-to-own contract with Aaron’s at one of its corporate-owned New Jersey stores between March 16, 2006 and March 31, 2011 and were charged a “Service Plus” and/or a “Return Check” fee.

If you don’t qualify for this settlement, check out our database of other class action settlements you may be eligible for.

Settlement Amount

  • $5,800,000.00

Estimated Award

  • $174

Court records indicate that they are approximately 22,145 persons who entered into a rent-to-own contract with Aaron’s at one of its corporate -owned New Jersey stores between March 16, 2006 and March 31, 2011.

Proof of Purchase

  • N/A

Claim Form

  • N/A

Class members who do not exclude themselves from the Aaron’s New Jersey Rent-to-Own Contract Fees settlement by January 15, 2018 will automatically receive a check pending the court’s final approval of the terms of the settlement. It is estimated that checks will be mailed 6 months after the final approval hearing scheduled for March 12, 2018. Notice of the proposed settlement were mailed to eligible Class Members. If you did not receive the Settlement Notice and believe you should be included, contact the Settlement Administrator.

Aaron’s New Jersey Rent-to-Own Contract Fees Settlement Notes

  • Margaret Korrow, et al. v. Aaron’s Inc., et al.
  • Case No. 3:10-cv-06317-MAS-LHG
  • Pending in the U.S. District Court for the District of New Jersey

Plaintiff Margaret Korrow initiated this class action lawsuit against Aaron’s Inc., alleging that the rent-to-own furniture, electronics, and appliance retailer charged New Jersey consumers illegal interest fees in connection with its rent-to-own sales or leases of household goods. These fees were referred to in the contracts as a monthly “Service Plus” fee and a “Return Check” fee. Korrow sought restitution for these alleged unlawful fees under several New Jersey consumer protection laws.

Rent-to-own sales are actually governed by a law known as the Retail Installment Act (RISA) and by charging interest and fees in excess of those allowed by RISA, constitutes fraud, the Aaron’s New Jersey Rent-to-Own Contract Fees lawsuit states. Additionally, the lawsuit claims that Aaron’s further violated certain New Jersey consumer protection laws by adding “prorated” amounts to the initial payments in customers’ contracts, which also constitutes deceptive business practices.

Aaron’s denies that it did anything wrong and claims the disputed contract fees do not violate New Jersey laws but has agreed to settle the case to avoid further litigation.

Class members who wish to exclude themselves of object to the terms of the Aaron’s New Jersey Rent-to-Own Contract Fees settlement must do so by Jan. 15 2018. Class members who do not exclude themselves from the settlement by this date will automatically receive a check pending final approval of the settlement.

Important Dates

  • N/A: Claim Form Deadline – If the court gives final approval to the settlement and you do not exclude yourself from the settlement, you will automatically receive a check.
  • 1/15/18: Objection or Exclusion Deadline
  • 3/12/18: Final Approval Hearing at 2:00 pm ET (class members do not need to attend this hearing in order to receive a slice of the settlement pie).

Contact Information

  • Mail: Aaron’s Settlement, c/o A.B. Data Ltd., PO Box 170500, Milwaukee, WI 53217
  • Phone: 1-877-227-6101
  • Email: info@AaronsConsumerAction.com

Class Counsel

Settlement Website

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