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Red Rocks Credit Union
Red Rocks Credit Union agreed to pay nearly $394,000 to refund GAP insurance to eligible Colorado borrowers who paid off loans early but did not receive refunds.
ClosedColorado onlyClaim status: Closed on August 4, 2022Payout: VariesNo longer claimable
About this settlement
Refunds for GAP insurance premiums not returned to borrowers who paid off loans early with Red Rocks Credit Union in Colorado.
This settlement resolves claims that Red Rocks Credit Union failed to refund GAP insurance premiums to borrowers in Colorado who paid off their loans early between 2014 and 2020. Eligible class members may receive refunds from the $394,000 settlement fund.
Who qualifies
- Consumers with a loan from Red Rocks Credit Union in Colorado with GAP protection.
- Loans paid off early between October 1, 2014 and July 1, 2020.
- Borrowers who did not receive a GAP refund.
- Excludes borrowers whose vehicles were repossessed due to missed payments.
Varies
Claim status: Closed on August 4, 2022