American Credit Acceptance Deficiency Balances California Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

American Credit Acceptance, LLC (ACA) is settling a class action alleging it violated the Rees-Levering Automobile Sales Finance Act when it issued its written notices to consumers after repossessing their vehicles. The settlement concerns deficiency balances, that is, the amounts still allegedly owed by the consumer after the sale of the collateral automobile.

Docket Number:


Company: American Credit Acceptance, LLC

Filing Deadline: January 1, 2100

Class Period: December 2, 2015 to February 11, 2021

Objection Deadline: May 9, 2022

Exclusion Deadline: May 9, 2022

Final Approval Hearing: July 28, 2022

Proof of Purchase:

You do not have to submit a claim form or provide proof.


You may be eligible if you are a person who (1) entered into a conditional sale contract in California and (2) received a Statutory Notice from ACA, between December 2, 2015 and February 11, 2021, and (3) ACA assessed a deficiency balance against your account.

Typical Settlement Amount:

Benefit: Deficiency balance forgiveness. ACA has agreed to waive and not pursue collection on class members’ accounts. It will also delete the trade lines reported to the major credit reporting agencies and buy back any of these debts that have been assigned to collection agencies.

Total Settlement Amount: $98,033,433.44

Class Representative Proposed Incentive Fee:


Law Firms:
Law Offices of Brandon A. Block
Trueblood Law Firm, APC

Case Name: Sherrard, et al. v. American Credit Acceptance, LLC

Settlement Website: American Credit Acceptance Deficiency Balances California Settlement Website

Claims Administrator:
Kroll Settlement Administration, LLC

Claims Administrator Contact Information:

Sherrard v. American Credit Acceptance
c/o Kroll Settlement Administration LLC
P.O. Box 225391
New York, NY 10150-5391

Tags: Improper Repossession, Loan-Related Unfair Practices