A
American Credit Acceptance
Settlement forgives over $98 million in deficiency balances for certain repossessed or surrendered vehicle owners.
ClosedUnited States-wideClaim status: Claim window closedPayout: Deficiency balances forgivenNo longer claimable
About this settlement
The settlement cancels deficiency balances for certain vehicle owners who received notices of sale or disposal of their repossessed or surrendered vehicles and were charged deficiency balances.
This settlement resolves claims against American Credit Acceptance for improper car repossession practices by forgiving deficiency balances owed by eligible class members whose vehicles were repossessed or surrendered and later sold.
Who qualifies
- Individuals who received written notice from American Credit Acceptance about sale or disposal of repossessed or surrendered vehicles between Dec. 2, 2015 and Feb. 11, 2021.
- Vehicles were sold and deficiency balances were charged on their accounts.
- Excludes those who previously had court judgments on deficiency balances, filed for bankruptcy, or are deceased.
Deficiency balances forgiven
Claim status: Claim window closed