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2:23-CV-00257 | 2023-02-24, U.S. District Courts | Finance | Exeter Finance Hit With $6 Million Payout Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing auto loans that the lender knew or should have known were unfair. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. Very happy, This is by far the worse finance company I have ever dealt with. 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. This companys loans put Massachusetts car buyers in economic danger, Healey said in the statement. Healey, who has secured similar settlements with Exeter Finance and Santander over their auto loan practices, described the Credit Acceptance settlement filed in Suffolk Superior Court on Wednesday as the largest of its kind. Both attorneys general said their offices will continue to investigate subprime lenders to protect borrowers in their states. As a result, we are unable to estimate the reasonably possible loss or range of reasonably possible loss arising from these investigations.. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. COURTNEY CARR, ET AL. Both attorneys general said their offices will continue to investigate subprime lenders to protect borrowers in their states. "This company's loans put Massachusetts car buyers in economic danger," AG Healey said. 3:21-CV-00494 | 2021-04-01, U.S. District Courts | Civil Right | To learn more, contact Lexington Law right away: The number to call is (800) 220-0084. Website: https://www.exeterfinance.com/ Avoid using your phone. As part of the agreements, Exeter will waive deficiencies on certain subprime loans in its portfolio and will request that the major credit bureaus "wipe all trade lines for involved subprime loans" on affected consumers' credit reports, according to the statements. Exeter Finance LLC RSS Track this Docket Docket Report This docket was last retrieved on March 16, 2020. I hope they go out of business. With an interest rate of 20.99 percent, he said he quickly fell behind and then endured constant collection calls and vehicle repossessions until he lost the car in 2019. 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." Exeter Finance offers franchise dealership financing and subprime auto lending to credit-challenged customers. This case was filed in U.S. District Courts, Illinois Northern District. Filing fee $ 402, receipt number 0752-18366584. I don't really appreciate being charged more in interest than I am paying for the car. Last year, Exeter Finance. Shekevia Brown responded on January 17, 2022, and Exeter filed a reply on January 27, 2022. Image by Billion Photos / Shutterstock.com. 2011) (Rule 41(a)(1)(A) notice of dismissal "is self-executing and effective without further action from the court"). Mailed notice(ef, ) (Entered: 10/19/2021), Docket(#32) Notice of Settlement by Dennis J. Henderson as to Defendant Equifax Information Services, LLC (Plati, Michael) (Entered: 09/29/2021), Docket(#31) MINUTE entry before the Honorable John F. Kness: Plaintiff has filed a stipulation of dismissal #30 explaining that the case has been voluntarily dismissed as against Defendant Experian Information Solutions, Inc. only. <link rel="stylesheet" href="styles.98190626566e8a97.css"> "Thousands of Massachusetts consumers, many of them first-time car buyers, put their faith in CAC to help them with an auto loan, but were instead lured into high-cost loans, fell deeper in debt, and even lost their vehicles," Healey said in a statement. Exeter Finance LLC does not provide translation services of written communications or documents. 20-10377 . All rights reserved. (Plati, Michael) (Entered: 07/08/2021), Docket(#4) SUMMONS Returned Executed by Dennis J. Henderson as to Experian Information Solutions, Inc. on 6/28/2021, answer due 7/19/2021. 4:23-CV-00702 | 2023-02-24, U.S. District Courts | Finance | 2023 Trustpilot, Inc. All rights reserved. This matter involving Credit Acceptance is being handled by Healeys Insurance and Financial Services Division. R. Civ. Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing auto loans that the lender knew or should have known were unfair. "These were loans these customers couldn't afford to pay back, but they made them anyway," Healey said. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. Exeter Finance offers franchise & independent dealership financing and subprime auto lending to credit-challenged customers. Contact the Attorney General's Office at (617) 727-2200, AG Healey Secures $5.5 Million for Consumers, State in Subprime Auto-loan Settlement. The industry leader for online information for tax, accounting and finance professionals. Jun 28, 2021, 08:00 ET. Mailed notice (ef, ) (Entered: 09/23/2021), (#30) STIPULATION of Dismissal as to defendant Experian Information Solutions, Inc. (Plati, Michael) (Entered: 09/23/2021), (#29) MINUTE entry before the Honorable John F. Kness: Plaintiff has filed a notice of voluntary dismissal #27 explaining that the case has been voluntarily dismissed as against Defendant Exeter Finance, LLC only. The AGs Office worked collaboratively with the Delaware Attorney Generals Office on this investigation. Phone number: (800) 321-9637. (Attachments: #1 Civil Cover Sheet)(Plati, Michael) (Entered: 06/17/2021), Los Angeles County Superior Courts | Other | from 8 a.m.-5 p.m. CT. Let MyAccount give you more time back in your day. (Ellis, Bernie) (Entered: 12/03/2021), (#11) NOTICE of Appearance by David A Anderson on behalf of Exeter Finance LLC (Anderson, David) (Entered: 12/03/2021), Docket(#11) NOTICE of Appearance by David A Anderson on behalf of Exeter Finance LLC (Anderson, David) (Entered: 12/03/2021), Docket(#10) Local Rule 26.01 Answers to Interrogatories by Exeter Finance LLC. Loan Processor was very efficient and obviously well experienced. We also ensure all reviews are published without moderation. Attorney at Richardson Plowden and Robinson (Cola). 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Fair Debt Collection Practices Act (FDCPA) - 15 USC 1692, (#26) ANSWER to Complaint and Affirmative and Other Defenses by Equifax Information Services, LLC(Stanzick, Jasmine) (Entered: 08/30/2021), (#8) MOTION by Defendant Experian Information Solutions, Inc. for extension of time to file answer (Unopposed) (Salvi, Mackenzie) (Entered: 07/14/2021), (#7) NOTIFICATION of Affiliates pursuant to Local Rule 3.2 by Experian Information Solutions, Inc. (Salvi, Mackenzie) (Entered: 07/14/2021), (#6) ATTORNEY Appearance for Defendant Experian Information Solutions, Inc. by Mackenzie Renee Salvi (Salvi, Mackenzie) (Entered: 07/14/2021), (#5) SUMMONS Returned Executed by Dennis J. Henderson as to Exeter Finance, LLC on 6/28/2021, answer due 7/19/2021. After being red, Bihn Hoa Le sued Exeter Finance Corporation and Exeter's parent company, Enzo Parent, L.L.C, for breach of contract, fraud, and . Your life wouldnt be the same without a car. Allstate: Compliance standards are changing. The public and media representatives may have access to the hearing via the same number. All of this was set out in the contract, to which Murphy agreed by affixing his signature. (Ellis, Bernie) (Entered: 11/11/2021), (#9) ANSWER to #1 Complaint by Exeter Finance LLC. 2:23-CV-00294 | 2023-02-24, U.S. District Courts | Property | Credit Karma member. Last year, Exeter Finance . 2023 by Cherokee Media Group All rights reserved. Plaintiff . Some page levels are currently hidden. Mass.gov is a registered service mark of the Commonwealth of Massachusetts. You can unsubscribe at any time through links in these emails. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. 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. In a separate cease and desist agreement in Delaware, Exeter agreed to pay $550,000 to affected customers and $50,000 to the state. Both a large subprime auto finance company and a state attorney general seemed pleased to announce a settlement between them that is involving more than $27 million. 3:20-CV-02059 | 2020-11-27, U.S. District Courts | Contract | The AGs Office alleges that Exeter facilitated the origination of Massachusetts auto loans that the company knew or should have known were unfair and in violation of the state Consumer Protection Law. Use this button to show and access all levels. EXETER FINANCE LLC vs. HERMOSILLO, NATHAN, Aycock v. JPMorgan Chase Bank, N.A. This matter is being handled by AG Healeys Insurance and Financial Services Division. If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. This settlement is part of AG Healeys review of securitization practices in the subprime auto marketan industry-wide investigation that remains ongoing. Service due by 1/3/2022. Please do not include personal or contact information. Finally, one place to get all the court documents we need. Cases involving consumer credit violations, 371, 480, 1371, 1480, 2371, 2480, 3371, 3480, 4371, 4480, 5371, Truth in Lending Act (TILA) - 15 USC 1601-1667 I highly recommend them to anyone in need of auto financing. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. No. (Plati, Michael) (Entered: 07/08/2021), DocketSUMMONS Issued as to Defendants Equifax Information Services, LLC, Exeter Finance, LLC, Experian Information Solutions, Inc. (crl, ) (Entered: 06/25/2021), Docket(#3) ATTORNEY Appearance for Plaintiff Dennis J. Henderson by Syed Haseeb Hussain (Hussain, Syed) (Entered: 06/17/2021), DocketCASE ASSIGNED to the Honorable John F. Kness. Attorney General Maura Healey is the chief lawyer and law enforcement officer of the Commonwealth of Massachusetts. 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Consistent with Rule 26(f) of the Federal Rules of Civil Procedure, the parties are directed to meet and conduct a planning conference in advance of the initial status hearing. Audio recording of the hearing is not permitted; violations of this prohibition may result in sanctions. Entered at the direction of the Honorable Timothy M Cain on 11/16/21. 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. Click here to submit a Letter to the Editor, and we may publish it in print. All content is posted anonymously by employees working at Exeter Finance. How can you get Exeter Finance off your credit report? (Attachments: #1 Civil Cover Sheet)(Plati, Michael) (Entered: 06/17/2021). Case assignment: Random assignment. Case Details Parties Documents Dockets Thank you for your website feedback! R. Crim. Each party is to bear its own fees and costs. 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