About Iowans may be eligible for Santander settlement - North Scott

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If you have concerns about restitution, please visit or call to speak with an agent.

Closed According to court files, the claim submission due date has passed. Please contact the claims administrator if you have any concerns. Do you get approved for a piece of a massive $550 million-plus settlement about automobile loans from Santander Customer USA, Inc.? Thirty-four attorneys basic brought match against Santander declaring that Santander exposed customers to needlessly high levels of threat with consumer cars and truck loans.

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Santander was the biggest subprime auto financing company in the nation, and the attorneys basic began the investigation after receiving an increased number of consumer problems about the loans. The group of attorney generals of the United States declared that Santander used sophisticated credit scoring models to anticipate customers' threats of default and knew that a few of those it made loans to had a high risk of not being able to pay their loans.


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The group declares that Santander utilized misleading loan maintenance practices and misled consumers about their rights, the dangers of partial payments, and loan extensions. The settlement covers just homeowners of certain states and is really complicated. Final details have actually not yet been worked out. Notifications will be sent later on.

Attorney General Shapiro Announces $550 Million Settlement Fundamentals Explained

Contact us if you had an auto loan with Santander Consumer U.S.A. and defaulted, whether you still have the lorry or not. If you have a loan with Santander now, please continue to pay on it in the meantime. January 1, 2100 You may be qualified if you got a loan from Santander in between January 1, 2010 and December 31, 2019, and if Santander provided you a specific internal score at the time.


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You need to also have been residing in one of the following states when you got your auto loan: Arizona, Arkansas, California, Connecticut, the District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Washington, West Virginia, and Wyoming.

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Not all Santander vehicle loan clients will receive this settlement. Treatments vary. Certain consumers with the lowest-quality loans who defaulted since December 31, 2019 and who have not had their cars and trucks repossessed will be permitted to keep their lorries and have the rest of the loan waived. Answers Shown Here will receive some quantity of loan forgiveness.