We receive a lot of inquiries from consumers who have had their cars repossessed before the deadline they verbally agreed to with a representative of the finance company. Often the finance company will defend the repossession on the grounds that they never made the agreement and in any event, the finance contract requires all modifications [...]
08
May
Notices re DT Credit Class Action Settlement
Our firm, along with the Trueblood Law Firm, recently received preliminary approval of a class action settlement against DT Credit Corporation. In the lawsuit, plaintiff alleged that she and other Californians received a notice from DT Credit following the repossession of their cars that did not properly inform them of their rights under California law. California law requires finance companies to provide fully compliant notices of intent to dispose of cars (NOIs) following a repossession. If not, the consumer does not owe any deficiency balance (the amount remaining on the contract after sale of the vehicle).
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