About 25,000 Wisconsin consumers could be eligible to receive refunds from Rent-A-Center Incorporated.
The company will pay more than eight million dollars to the state to settle a consumer protection lawsuit filed by Wisconsin's Justice Department. Seven million dollars will be used for consumer restitution.
The Justice Department filed suit against the Plano, Texas-based company in 1999.
The suit claimed the company knowingly and willfully violated the Wisconsin Consumer Act by choosing not to provide credit disclosures that included finance charges and the annual rate of interest.
Consumers who completed transactions at a Wisconsin Rent-A-Center between November 1, 1998 and September 30, 2002 may be eligible for partial refunds.
The refunds could cover more than 40,000 transactions.
The state will contract with a third-party administrator to determine the amount of restitution that will be offered to affected customers.