Automobile Acceptance Corp.
Automobile Acceptance Corp. (AAC) is a company based in Saint Louis, MO, involved in providing secured collateralized loans and financing agreements for property purchases. The company is currently engaged in a legal settlement regarding allegations of improper repossession notices sent to borrowers following the repossession and sale of their property.
The settlement, overseen by the Seventh Judicial Circuit Court for Clay County, Missouri, aims to provide benefits to affected borrowers, including potential monetary payments and debt write-offs, while resolving disputes about AAC's compliance with statutory requirements. Class members, identified through specific mailing criteria, may receive various forms of relief depending on the court's approval of the settlement.
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