We are taking a close look at this industry and we will not allow companies to profit by violating our laws and exploiting consumers.. Our partnership with dealers, exceptional customer service and relationships have allowed us to make vehicle ownership a reality for many. Defendant's motion for an extension #27 is dismissed as moot. Exeter Finance Reviews | Read Customer Service Reviews of - Trustpilot Fair Credit Reporting Act (FCRA) - 15 USC 1681 More than 3,000 borrowers in Massachusetts could be eligible to receive money under a $27.2 million settlement Attorney General Maura Healey announced Wednesday with Credit Acceptance Corp to. The settlement also requires the company to make changes to its loan handling practices. Case Details Parties Documents Dockets (crl, ) (Entered: 06/17/2021), (#2) ATTORNEY Appearance for Plaintiff Dennis J. Henderson by Michael Joseph Plati (Plati, Michael) (Entered: 06/17/2021), (#1) COMPLAINT filed by Dennis J. Henderson; Jury Demand. Worst company I ever financed with. Thank you for your website feedback! The complaint also alleges that Credit Acceptance has made high-interest subprime auto finance contracts with Massachusetts residents that the company knew customers would be unable to repay, in violation of state law. Last year, Exeter Finance. R. Civ. For Massachusetts: Glenn Kaplan of the Massachusetts Attorney General's Office, For Credit Acceptance Corp: James Carroll, Patrick Rideout and Anand Raman of Skadden, Arps, Slate, Meagher & Flom, Santander to pay $25.9 million to resolve subprime auto loan probes. Together, we can make it happen. Click here to submit a Letter to the Editor, and we may publish it in print. Designated as Magistrate Judge the Honorable Jeffrey Cole. This page is located more than 3 levels deep within a topic. This assurance of discontinuance, filed in Suffolk Superior Court, includes $4.675 million that will be available to provide relief to harmed borrowers and an $825,000 payment to the state. Public Records Policy. Suggestions are presented as an open option list only when they are available. No later than five business days before the status hearing, the parties shall jointly complete and file on the docket a report that provides the information required by the Court's model Joint Initial Status Report, which can be found at https://www.ilnd.uscourts.gov/judge-info.aspx?Iu9/vqz23r5X7AkWx/nLtg== (see link entitled "Joint Initial Status Report"). This lawsuit is part of Healeys review of securitization practices in the subprime auto market an industry-wide investigation that her office said remains ongoing. A subscription to PACER is required. At Exeter Finance, we are committed to helping people find the right financing for their next vehicle purchase. So over Exeter. Exeter Finance Reviews | Read Customer Service Reviews of exeterfinance.com Money & Insurance Investments & Wealth Non-Bank Financial Service Exeter Finance Exeter Finance Reviews 4,743 Great 4.2 VERIFIED COMPANY exeterfinance.com Visit this website Filter Sort: Most relevant TS Telicia Simon 1 review US 10 hours ago Verified This company made unaffordable and illegal loans to borrowers, causing them to fall into thousands of dollars of debt and even lose their vehicles, said AG Healey. 2023Exeter Finance LLC. Why is this public record being published online? 2:23-CV-00294 | 2023-02-24, U.S. District Courts | Property | They have been giving me the run around. 1:22-CV-04997 | 2022-12-19, U.S. District Courts | Finance | The Judge overseeing this case is Timothy M Cain. Exeter will also waive deficiencies on certain subprime loans and will ask the major credit bureaus to wipe all trade lines for involved subprime loans on consumers credit reports. An official website of the Commonwealth of Massachusetts, This page, AG Healey Sues Major Subprime Auto Lender for Unfair and Deceptive Practices in Its Subprime Auto Loan Business in Massachusetts , is, for AG Healey Sues Major Subprime Auto Lender for Unfair and Deceptive Practices in Its Subprime Auto Loan Business in Massachusetts. Our office will continue to investigate the subprime lenders, financiers, and securitizers, and protect consumers.. 2084CV01954. Exeter Finance Announces Investment from Warburg Pincus-Led Investor Group If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. Exeter Finance offers franchise dealership financing and subprime auto lending to credit-challenged customers. (Ellis, Bernie) (Entered: 12/03/2021), Docket(#7) TEXT ORDER granting #6 Motion for Extension of Time. I don't really appreciate being charged more in interest than I am paying for the car. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 6:20-CV-03418 | 2020-09-25, U.S. District Courts | Contract | The settlements in Massachusetts and Delaware resulted from a joint investigation by the states attorneys general offices, the offices said in separate statements Monday. No later than five business days before the status hearing, the parties shall jointly complete and file on the docket a report that provides the information required by the Court's model Joint Initial Status Report, which can be found at https://www.ilnd.uscourts.gov/judge-info.aspx?Iu9/vqz23r5X7AkWx/nLtg== (see link entitled "Joint Initial Status Report"). Exeter Finance - Bank Standard Our team is integral to our success. Making "These were loans these customers couldn't afford to pay back, but they made them anyway," Healey said. Under the settlement, thousands of borrowers who received auto loans through Credit Assistance could be eligible for reimbursements or debt relief. Please remove any contact information or personal data from your feedback. ) or https:// means youve safely connected to the official website. R. Crim. COURTNEY CARR, ET AL. Follow these three steps: At Exeter, we focus on being a premier auto finance company and lender of choice known for its people, performance and service. Exeter - MyAccount Suggestions are presented as an open option list only when they are available. Very happy, This is by far the worse finance company I have ever dealt with. EXETER FINANCE LLC vs. HERMOSILLO, NATHAN, Aycock v. JPMorgan Chase Bank, N.A. This matter involving Credit Acceptance is being handled by Healeys Insurance and Financial Services Division. vehicle ownership possible for everyone. Service due by 1/3/2022. Participants are directed to keep their device muted when they are not speaking. 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. Response to Motion due by 11/29/2021. Exeter Auto Finance Reviews (2023) | SuperMoney Complaints for Exeter Finance Corp - Better Business Bureau This company made unaffordable and illegal loans to borrowers, causing them to fall into thousands of dollars of debt and even lose their vehicles, Healey said in a news release. (Plati, Michael) (Entered: 07/08/2021), (#4) SUMMONS Returned Executed by Dennis J. Henderson as to Experian Information Solutions, Inc. on 6/28/2021, answer due 7/19/2021. Then on Aug. 11, yet another subpoena from Marylands AG was received by Credit Acceptance, which said in the SEC filing that it most of the requests contained in the previous subpoenas, making additional requests, as well as expanding the inquiry to include 39 other states, including: Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin along with the District of Columbia. Instead of learning from the subprime mortgage crisis, Healey said Credit Assistance and other auto loan companies used it as a "blueprint to make a profit on some of our most vulnerable residents. On October 7, 2021, Brown initiated this lawsuit, The only thing I would do differently is under auto pay give people a chance to split their payments biweekly. The lawsuit alleged that Credit Acceptance Corp had since 2013 funded about 4,000 subprime used car loans annually in Massachusetts with a combined value of $458 million. What APR does Exeter finance offer on its car loans? The case status is Pending - Other Pending. ## 38, 47). April 15, 2019 12:00 AM. Please limit your input to 500 characters. Attorney at Richardson Plowden and Robinson (Cola). Our dealers enjoy personalized service from dedicated buyers and funders who help them find the right financing solutions for their customers. We put consumers behind the wheel by partnering with dealers to ensure they receive rapid decisions and are treated with the dignity and respect they deserve. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Concentrix: How can customer data drive a better automotive CX? And then on Monday, the Massachusetts attorney general ramped up the legal activities with a lawsuit against Credit Acceptance for allegedly the company provided unfair and deceptive auto financing to thousands of Massachusetts consumers, providing investors with false or misleading information regarding auto securities they offered and engaging in unfair debt collection practices. In a separate cease and desist agreement in Delaware, Exeter agreed to pay $550,000 to affected customers and $50,000 to the state. We are taking a close look at this industry and we will not allow companies to profit by violating our laws and exploiting consumers.. And previously, the AGs office secured $22 million from Santander Consumer USA for its role in financing subprime contracts for Massachusetts residents. "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. 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. Each party is to bear its own fees and costs. PDF United States Court of Appeals for the Fifth Circuit Financing is illegal if lenders do not have a basis for believing that customers will be able to repay loans as scheduled, the Massachusetts attorney general office said in a statement. Marshfield mom tried to raise money for a wheelchair ramp. 2011) (Rule 41(a)(1)(A) notice of dismissal "is self-executing and effective without further action from the court"). 2:23-CV-00293 | 2023-02-24, U.S. District Courts | Finance | 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. Mailed notice (ef, ) (Entered: 09/03/2021), Docket(#28) NOTICE of Voluntary Dismissal by Dennis J. Henderson as to Defendant Exeter Finance, LLC (Plati, Michael) (Entered: 08/31/2021), Docket(#27) MOTION by Defendant Exeter Finance, LLC for extension of time to file answer regarding complaint #1 (UNOPPOSED) (Ritchie, Alan) (Entered: 08/30/2021), Docket(#26) ANSWER to Complaint and Affirmative and Other Defenses by Equifax Information Services, LLC(Stanzick, Jasmine) (Entered: 08/30/2021), Docket(#8) MOTION by Defendant Experian Information Solutions, Inc. for extension of time to file answer (Unopposed) (Salvi, Mackenzie) (Entered: 07/14/2021), Docket(#7) NOTIFICATION of Affiliates pursuant to Local Rule 3.2 by Experian Information Solutions, Inc. (Salvi, Mackenzie) (Entered: 07/14/2021), Docket(#6) ATTORNEY Appearance for Defendant Experian Information Solutions, Inc. by Mackenzie Renee Salvi (Salvi, Mackenzie) (Entered: 07/14/2021), Docket(#5) SUMMONS Returned Executed by Dennis J. Henderson as to Exeter Finance, LLC on 6/28/2021, answer due 7/19/2021. Defendant's motion for an extension #27 is dismissed as moot. Phone number: (800) 321-9637. 2020) Annotate this Case. The district court granted summary judgment for . When other places did not. In its statement, the Massachusetts attorney generals office also accused Exeter of violating debt collection regulations through mishandling servicing and collection of auto loans. I have had to miss work to take care of this 5 different trips to the DMV with the wrong paperwork that they have sent me. Massachusetts law only allows two debt-collection calls a day. The complaint said the company violated that law more than 1.5 million times over six years. Jackie Charniga. Poly-Med, Inc. v. Novus Scientific Pte. If you do not agree with these terms, then do not use our website and/or services. 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. Credit Acceptance faces subpoenas, new lawsuit - Auto Remarketing At This lawsuit is part of AG Healeys review of securitization practices in the subprime auto marketan industry-wide investigation that remains ongoing. 2011) (Rule 41(a)(1)(A) notice of dismissal "is self-executing and effective without further action from the court"). We also ensure all reviews are published without moderation. 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. All rights reserved.Exeter Finance LLC - NMLS Unique Identifier - #967404Verify NMLS ID at - www.nmlsconsumeraccess.orgFICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.For residents of New York City, New York: Exeter Finance LLC provides servicing options that allow for verbal communications in languages other than English via a third-party vendor. A .mass.gov website belongs to an official government organization in Massachusetts. Then donations poured in. I refinanced my car and requested my title to be released to Navy Federal. He can be reached at nate.raymond@thomsonreuters.com. Everyone was really kind and my salesperson (Jeff) was so attentative and patient! Please do not include personal or contact information. They even sent me someone else title paperwork. Within 45 minutes of applying for a car I was approved! 3:21-CV-00494 | 2021-04-01, U.S. District Courts | Civil Right | Todays settlement with Exeter provides millions of dollars in relief and repairs damaged credit. 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Exeter is committed to ensuring the highest standards of customer service in its business when delivering vital auto financing options to consumers, she added. Website: https://www.exeterfinance.com/ Avoid using your phone. Use this button to show and access all levels. Murphy v. Exeter Fin. Corp., 558 S.W.3d 207 - Casetext IRVING, Texas, June 28, 2021 /PRNewswire/ -- Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to . Designated as Magistrate Judge the Honorable Jeffrey Cole. How can you get Exeter Finance off your credit report? 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. 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