{"id":6076,"date":"2021-10-01T10:00:00","date_gmt":"2021-10-01T15:00:00","guid":{"rendered":"https:\/\/hoorfarlaw.com\/blog\/?p=6076"},"modified":"2021-09-27T09:45:10","modified_gmt":"2021-09-27T14:45:10","slug":"massachusetts-reaches-27-million-settlement-with-auto-lender","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=6076","title":{"rendered":"Massachusetts Reaches $27 Million Settlement with Auto Lender"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-full is-resized\"><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/09\/auto-loan-debt.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/09\/auto-loan-debt.jpg\" alt=\"\" class=\"wp-image-6077\" width=\"256\" height=\"102\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/09\/auto-loan-debt.jpg 1000w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/09\/auto-loan-debt-300x120.jpg 300w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2021\/09\/auto-loan-debt-768x307.jpg 768w\" sizes=\"auto, (max-width: 256px) 100vw, 256px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>A national subprime auto lender has agreed to pay more than $27 million to settle allegations that it took advantage of thousands of Massachusetts borrowers, according to the state attorney general\u2019s office. The settlement with Credit Acceptance Corp. in Suffolk Superior Court will provide debt relief and credit repair to consumers, according to a statement from Attorney General Maura Healey. \u201cThousands 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,\u201d she said. \u201cWith this significant $27 million settlement, eligible Massachusetts drivers who have been suffering under the weight of a crushing car loan due to CAC\u2019s deceptive practices will be able to receive relief and avoid new defaults.\u201d The settlement also requires the company to make changes to its loan handling practices.<\/p>\n\n\n\n<p><strong> If you have debt and would like to seek help, contact us at 816-524-4949 or visit our <a href=\"http:\/\/www.hoorfarlaw.com\">website<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A national subprime auto lender has agreed to pay more than $27 million to settle allegations that it took advantage of thousands of Massachusetts borrowers, according to the state attorney general\u2019s office. The settlement with Credit Acceptance Corp. in Suffolk &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=6076\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6076","post","type-post","status-publish","format-standard","hentry","category-general"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6076"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6076\/revisions"}],"predecessor-version":[{"id":6079,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6076\/revisions\/6079"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}