Posts Tagged ‘debt relief’
UPDATED: Credit Acceptance Corporation Reaches $694M Settlement With 41 States Including Delaware and Maryland
Maryland and 40 other states, including Delaware, have reached a $694-million settlement with Credit Acceptance Corporation (CAC), a major auto lender that serves consumers with limited or poor credit. The settlement resolves allegations that CAC made unaffordable auto loans that led to defaults and repossessions, and failed to adequately prevent dealers from adding unwanted vehicle…
Read MoreGovernor Meyer Announces Partnership for $50 Million in Medical Debt Elimination
Governor Matt Meyer has announced a partnership between the State of Delaware and national nonprofit Undue Medical Debt, leveraging $500,000 in state funds to purchase and eliminate up to $50 million in medical debt for an estimated 17,000 or more Delawareans. To qualify for debt relief, Delaware residents must have annual household income at or…
Read MoreDE AG Reaches Settlement Over Foreclosure Rescue Scam
Attorney General Kathy Jennings has announced that the Department of Justice’s Consumer Protection Unit (CPU) has reached a settlement with two California-based companies requiring them to stop advertising and selling mortgage loan modification and debt relief services in Delaware and to provide restitution to Delaware consumers. In the cease and desist agreement, CPU alleges that…
Read More