State attorney-general restitution · Open

Credit Acceptance subprime auto loan multistate settlement

On September 17, 2026, 41 state attorneys general settled with the subprime auto lender Credit Acceptance Corporation over loans the states say the company knew borrowers could not afford. The deal is put at about $694 million in cash and debt relief nationwide: Minnesota's announcement gives $75.5 million in payments and more than $630 million of consumer debt forgiven, while Vermont's gives its own residents $124,841 of restitution across 87 people and $462,871 of debt relief across 60. There is nothing to file — Vermont says people due debt relief are contacted by Credit Acceptance and people due a refund are contacted by a claims administrator — and the settlement takes effect on November 2, 2026, the deadline for the company to apply the debt relief. Anyone who financed a used car through Credit Acceptance may be contacted. No amount is guaranteed, none of it costs anything, and any demand for a fee to release a refund or clear a balance is a scam.

There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.