Shocking Santander Auto Loan Court Settlement How To Build Good Credit After Its Ruined Youtub Did you take out a santander auto loan? were you affected by the santander court settlement? if you were, you are probably suffering from having bad credit b. Loan forgiveness and car title: for certain consumers, santander sent the consumer title to the car and forgave the balance of the loan. santander did this until the value of the total amount of loan forgiveness across the participating states reached $45 million. santander will also request that the loans be removed from consumers’ credit.
550 Mil Santander Auto Loan Court Settlement Was Your Car Repos This is a continuation from the last video about the santander bank court settlement. people have been negatively affected by having a santander auto loan. t. The attorneys general, representing 33 states and the district of columbia, said the dallas based lender had exposed borrowers to unnecessarily risky loans with a high chance of default. in addition to paying $65 million in restitution, santander consumer has also agreed to forgive nearly $500 million in car loan debt to borrower nationwide. According to the santander car loan website, the $65 million settlement will be used for subprime consumers who have defaulted on loans between jan. 1, 2010 and dec. 31, 2019. santander is required to allow customers to keep their car and waive any loan balance for those who have the lowest quality loans and have defaulted as of dec. 31, 2019. How debt settlement impacts your credit. a car loan settlement immediately causes your credit score to go down because the settlement is a negative mark on your credit report. your credit score is.
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