How do I qualify for a Santander settlement?

Who qualifies? You must have a gotten a loan with Santander between January 1, 2010 and December 31, 2019 and Santander must have given you a certain internal score at the time you got the loan. Consumers will NOT know their own internal score.

Who is Santander Consumer?

Santander Consumer USA Holdings Inc. (NYSE:SC) is a public, full-service, consumer finance company focused on vehicle finance and third-party servicing. The company manages accounts for more than three million customers across all credit profiles.

How do I join a class action lawsuit against Santander 2019?

To join the Santander Consumer USA class action, go to the firm’s website at http://www.rosenlegal.com/cases-343.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for more information on the class action.

What is a multistate Santander settlement?

The May 19th settlement stems from a multistate investigation of Santander’s subprime lending practices. Santander will pay $65 million to the 34 participating states for restitution for certain subprime consumers who defaulted on loans between Jan. 1, 2010 and Dec. 31, 2019.

What credit score is needed for a Santander auto loan?

650
Minimum Requirements Santander recommends that potential applicants have a minimum credit score of 650. Preference is also given to those with at least one year at their current residence and one year with their current employer.

What is the Santander settlement?

The settlement, in which 33 states participated, resolves allegations that Santander violated consumer protection laws by making auto loans accessible to disadvantaged borrowers who had a high probability of defaulting.

Who was the Attorney General in the Santander case?

The AG’s Office dedicates the resolution of this case to Assistant Attorney General Aaron Lamb, who passed away on December 11, 2016 at age 38. Aaron was an exceptional attorney, who was dedicated to the public interest.

What did AG Healey find out about Santander?

The AG’s Office found that Santander’s own internal audit concluded that the company’s oversight of auto dealer conduct when making subprime loans was inadequate. Despite identifying a group of dealers that had extremely high default and delinquency rates and other problems, the company continued to fund loans through these dealers.

What was the settlement between Santander and Carr?

The settlement resolves allegations that Santander violated consumer protection laws by exposing subprime consumers to unnecessarily high levels of risk and knowingly placing these consumers into auto loans with a high probability of default.

What does Santander Consumer USA stand for?

Respect is at the heart of everything we do at Santander Consumer USA. In times like these, it is more important than ever that we stand together with our communities in solidarity and show respect for each other.