Utah among 40 states to settle with auto loan company accused of predatory lending

Dozens of Utahns are set to have their debt cancelled after a national auto loan company agreed to settle claims that it exploited borrowers.

By: Annie Knox

Outlets: Utah News Dispatch

Published: September 30, 2026

Words: 368

Last Updated: 2 weeks, 2 days ago

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Dozens of Utahns are set to have their debt cancelled and get a check in the mail after a national auto loan company agreed to settle claims that it exploited borrowers with low credit scores.

Utah and 39 other states reached the roughly $700 million settlement earlier this month with the Michigan-based Credit Acceptance Corporation. The states accused the company of quietly piling on extra costs that buyers didn’t know were …

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