In March 2017, Santander Consumer USA Holdings Inc. agreed to pay $16 million to more than 2,000 Massachusetts car buyers and another $6 million to the state for originating auto loans based on customer incomes that were "incorrect and often inflated." AG Claims Company Misled Investors, Sold Unfair and Illegally High Interest Loans and Engaged in Illegal Debt Collection Practices. The proposed two-story complex . Suggestions are presented as an open option list only when they are available. This case was filed in U.S. District Courts, South Carolina District Court. The complaint said the company violated that law more than 1.5 million times over six years. Glassdoor gives you an inside look at what it's like to work at Exeter Finance, including salaries, reviews, office photos, and more. Under the settlement, thousands of borrowers who received auto loans through Credit Assistance could be eligible for reimbursements or debt relief. When recognizing the arrival of the subpoenas through a filing with the Securities and Exchange Commission, Credit Acceptance said, We are cooperating with these inquiries and cannot predict the eventual scope, duration or outcome at this time. A .mass.gov website belongs to an official government organization in Massachusetts. This company suck. If you are passionate and hardworking, youll feel right at home at Exeter. Last year, Exeter Finance paid more than $5.5 million for its role in financing unfair, subprime auto loans. 2:23-CV-00257 | 2023-02-24, U.S. District Courts | Finance | Loan Processor was very efficient and obviously well experienced. (arut) (Entered: 10/07/2021). Your APR can vary depending on several factors, such as your credit score. What is Exeter . Healey: More than 3,000 could get relief from auto loan settlement While the company profited, borrowers experienced ruined credit, lost vehicles or down payments, and were left with an average of approximately $9,000 of debt. Choose your news we will deliver. If all Defendants have not yet been served or have not yet responded to requests to draft the required Joint Initial Status Report, Plaintiff must file the report on its own and must inform the Court of that circumstance. Exeter also allegedly mishandled servicing and collecting activities in violation of the Attorney Generals debt collection regulations. Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing . At Exeter Finance, we are committed to helping people find the right financing for their next vehicle purchase. Then try to tell you that you owe them more money even though you dont. 2023 www.patriotledger.com. Nate Raymond reports on the federal judiciary and litigation. Exeter Finance, LLC is the company's address. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Their Interest rates are extremely too high, terrible customer service, they are not there to help you, basically mess your credit up, dont give a rats a$$ about situations and arent reliable. for Judgment on the Pleadings filed by Defendant Exeter Finance, LLC on December 27, 2021(Doc. Contact the Attorney General's Office at (617) 727-2200, AG Healey Secures $5.5 Million for Consumers, State in Subprime Auto-loan Settlement. If you need assistance, please Contact the Attorney General's Office at (617) 727-2200. Our "This company's loans put Massachusetts car buyers in economic danger," AG Healey said. Exeter Finance, LLC et al Case Summary On 06/17/2021 Henderson filed a Finance - Consumer Credit lawsuit against Exeter Finance , LLC. Mass.gov is a registered service mark of the Commonwealth of Massachusetts. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Attorney General Maura Healey is the chief lawyer and law enforcement officer of the Commonwealth of Massachusetts. Accordingly, the case against Defendant Experian Information Solutions, Inc. is dismissed with prejudice in accordance with the terms of the stipulation and by operation of Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place, Massachusetts Attorney General Maura Healey, Delaware Attorney General Kathleen Jennings. ATKINSON v. CREDIT ACCEPTANCE CORPORATION et al. 7:23-CV-00019 | 2023-02-24, U.S. District Courts | Finance | Please limit your input to 500 characters. Companies can ask for reviews via automatic invitations. Boston A lawsuit has been filed against national auto lender Credit Acceptance Corporation (CAC) for allegedly making unfair and deceptive auto loans to thousands of Massachusetts consumers, providing investors with false or misleading information regarding auto securities they offered, and engaging in unfair debt collection practices, Attorney General Maura Healey announced today. Then on Monday, Massachusetts attorney general Maura Healey filed a lawsuit against the finance company that specializes in the subprime market. 1155 Gratiot Avenue 2:23-CV-00293 | 2023-02-24, U.S. District Courts | Finance | Very happy, This is by far the worse finance company I have ever dealt with. Henderson v. Exeter Finance, LLC et al - UniCourt Loan was processed and approved quickly and Im saving a bunch of money. Because the notice of dismissal was filed before the opposing party served either an answer or a motion for summary judgment, the case against Defendant Exeter Finance, LLC is dismissed without prejudice in accordance with the terms of the stipulation and by operation of Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure. ) or https:// means youve safely connected to the official website. Macon v. Proud Ground Organization, et al. I couldn't believe it! 2:23-CV-01357 | 2023-02-23, U.S. District Courts | Finance | In its statement, the Massachusetts attorney generals office also accused Exeter of violating debt collection regulations through mishandling servicing and collection of auto loans. In the Non-Bank Financial Service category. I'll be sure to find one of the other 71 financiers clay cooley had to offer. Making Exeter Finance offers franchise & independent dealership financing and subprime auto lending to credit-challenged customers. Background . Previously, the AGs Office. people, performance and service. Finally, one place to get all the court documents we need. 3:20-CV-02059 | 2020-11-27, U.S. District Courts | Contract | If all Defendants have not yet been served or have not yet responded to requests to draft the required Joint Initial Status Report, Plaintiff must file the report on its own and must inform the Court of that circumstance. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. 1:22-CV-04997 | 2022-12-19, U.S. District Courts | Finance | ISSN 0005-1551 (print) Defendant Exeter Finance LLC's answer due December 3, 2021. To learn more, contact Lexington Law right away: The number to call is (800) 220-0084. Regal Cinemas, Inc. v. BV CenterCal LLC et al. Over 3,000 borrowers in Massachusetts are expected to be eligible for relief, Healey's office said. (Ellis, Bernie) (Entered: 11/11/2021), (#9) ANSWER to #1 Complaint by Exeter Finance LLC. 28% interest is really terrible and leaves customers feeling taken advantage of, although I know that lending to people with subpar charge is always a risk and that comes with high rates of interest. Filing fee $ 402, receipt number 0752-18366584. They tack on bunch of fees. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. This lawsuit is part of Healey's review of securitization practices in the subprime auto market an industry-wide investigation that her office said remains ongoing. ISSN 2576-1072 (online), Missed payments? The case status is Pending - Other Pending. Back on March 18, 2016, Credit Acceptance said it received a subpoena from the Maryland attorney general related to the companys repossession and sale policies and procedures in the state of Maryland. Then donations poured in. The Judge overseeing this case is John F. Kness. See here for a complete list of exchanges and delays. Sincerely, Office of the President Exeter Finance LLC Initial Complaint 10/31/2022 Complaint Type: Billing/Collection Issues Status: Answered I am not liable for this debt with Exter Finance. 2015) Court Description: MEMORANDUM OPINION AND ORDER: Accordingly, it is ordered that Parker and Exeter shall perform the Settlement Agreement contained at ECF Doc. Verification can help ensure real people write reviews about real companies. Our partnership with dealers, exceptional customer service and relationships have allowed us to make vehicle ownership a reality for many. The feedback will only be used for improving the website. About Exeter Finance - Franchise & Independent Dealership Financing, Subprime Auto Lending Login / Register Make a payment Showing our 4 & 5 star reviews " Although my first payment is due customer, 8 hours ago " Sent me my statement out in plenty of Theresa jones, 1 day ago " Informative Randi Johnson, 2 days ago Ease with setting up my online account and great customer service communication via chat makes my experience off to a good start, One of the best vehicle purchases I've ever made. Courts have held that lending is unlawful under the statute if lenders do not have a basis for believing that borrowers will be able to repay their loans in normal course. Plaintiff . Exeter - MyAccount I purchased a vehicle using Exeter Finance in 2015, and my loan's maturity date is just around the corner. R. Crim. 2021) The Fifth Circuit affirmed the district court's judgment in favor of Exeter and Exeter's parent company, Enzo, in an action brought by plaintiff, a former employee, for breach of contract, fraud, and quantum meruit.