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Nicholas Financial

Nicholas Financial agreed to pay $750,000 to resolve claims it violated debt-collection laws related to loans and collateral repossession.

ClosedMissouri onlyClaim status: Claim window closedPayout: TBDNo longer claimable

About this settlement

Alleged violations of debt-collection laws by Nicholas Financial in loan collections and collateral repossession.

This settlement resolves claims that Nicholas Financial violated debt-collection laws when collecting on loans and repossessing collateral. Eligible individuals who received certain notices between 2015 and 2022 may qualify for compensation.

Who qualifies

  • Individuals who received a presale notice or post-sale explanation from Nicholas Financial between April 1, 2015 and Dec. 1, 2022.
  • Excludes those with a final deficiency notice, certain bankruptcy cases, or loans sold before Feb. 21, 2024.

TBD

Claim status: Claim window closed

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