Credit Ninja Class Action
We are investigating a potential lawsuit against Credit Ninja over its potentially high-interest loans.
Persons who took out certain loans from Credit Ninja may not owe any money on their loans—you may even get money back.
California law establishes interest rate caps on the loans issued by certain lenders. We are investigating whether Credit Ninja issued loans that exceeded those caps.
If you are interested in trying to invalidate your loans and not making any more payments (and getting money back), please complete this form.
Legal Background
California law caps the maximum interest rate on loans issued by certified finance lenders.
That law (California Financial Code § 22304.5) went into effect on January 1, 2020.
Under that law, the maximum interest rate on loans from $2,500 to $9,999 is about 36%. Another law caps the interest rate of loans under $2,500 at no more than 30%.
Related laws invalidate loans that exceed those interest rates.
Warren Terzian LLP has filed a class action against Credit Ninja over the interest rates on its loans to Californians.
Not Just California
Other states have interest rate caps similar to California’s. Those states may include Delaware, District of Columbia, Florida, Illinois, Indiana, Kansas, Kentucky, Michigan, Mississippi, Oklahoma, Ohio, Oregon, South Dakota, Tennessee, Texas, and Washington.
Suing Credit Ninja
Maybe you’re here because you just want to get out of your loan. Or you want to sue Credit Ninja.
We may be able to help you with that.
Fill out the form, and we’ll reach out.
Legal Updates on CreditNinja Lawsuit
Here are some of the key documents filed in our current lawsuit against CreditNinja:
the first amended complaint; and
the motion to remand the case against CreditNinja to state court.