This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Update:
- The court granted this settlement final approval May 15, 2023.
- Let Top Class Actions know when you receive a check in the comments section below or on our Settlements & Payouts Facebook group.
General Credit Acceptance agreed to pay $2.75 million to resolve a class action lawsuit claiming it violated Missouri law when repossessing and selling collateral property.
The settlement benefits borrowers or buyers with a Missouri address whose loan or financing agreement was secured by collateral that was repossessed by General Credit Acceptance Co. since May 12, 2008.
Plaintiffs in the class action lawsuit accused the company of violating statutory requirements for pre- and post-sale notices required by Missouri law.
General Credit Acceptance Co. is a lender based in Missouri.
General Credit Acceptance hasn’t admitted any wrongdoing but agreed to a $2.75 million class action lawsuit settlement to resolve the repossession allegations.
Under the terms of the settlement, class members can receive a cash payment based on the amount of money they borrowed and the interest on their loan. No payment estimates are available at this time.
The deadline for exclusion and objection is April 15, 2023.
The final approval hearing for the settlement is scheduled for May 15, 2023.
No claim form is required to benefit from the settlement. Class members can update their addresses on the settlement website to ensure they receive their payment at the correct place.
Who’s Eligible
Borrowers or buyers with a Missouri address whose loan or financing agreement was secured by collateral that was repossessed by General Credit Acceptance Co. since May 12, 2008.
Potential Award
Varies.
Proof of Purchase
N/A
Opt Out Deadline
04/15/2023
Case Name
Weatherspoon, et al. v. General Credit Acceptance Co., Case No. 14SL-CC01561, in the 21st Judicial Circuit Court for St. Louis County, Missouri.
Final Hearing
05/15/2023
Settlement Website
Claims Administrator
Weatherspoon v GCAC
PO Box 23309
Jacksonville, FL 32241
877-312-9133
Class Counsel
Martin L Daesch
MLD LAW FIRM LLC
Jesse B Rochman
JBR LAW LLC
Craig W Richards
ONDERLAW LLC
Defense Counsel
Timothy Wolf
WATTERS WOLF BUB & HANSMANN LLC
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70 thoughts onGeneral Credit Acceptance repossession $2.75M class action settlement
I dealt with them overcharging me then repossessed my car for missing 1 payment now it’s on my credit report.