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Automobile Acceptance Corp. Repossession Settlement

Checked October 14, 2026 against the official notice · Edited by Ferhat Abdullahoglu

If you had property repossessed by Automobile Acceptance Corporation (AAC) and received a presale or post-sale notice, you may be eligible for benefits. The settlement provides money, write-off of alleged deficiencies, and deletion of negative credit information from credit reports.

Who qualifies

  • From August 6, 2010.
  • Anywhere in the United States.
  • Most people in the class got a notice by mail or email with a Claim ID.
“All persons with a secured collateralized loan or financing agreement with Automobile Acceptance Corporation (“AAC”) whose collateral was repossessed and who were mailed a presale or post-sale notice.”From the court-approved notice

What you can get

Total settlement fund$13.6M

These are the amounts the settlement publishes. Shares of a fund depend on how many people file: what pro rata means.

How to file

There's nothing to file: class members are paid automatically once the settlement is final.

Key dates

Opt-out and objection deadlineMay 12, 2024
Final approval hearingJune 20, 2024
PaymentsAfter final approval

When settlements pay, and what can delay it.

Is this settlement legit?

Yes. It's a court-approved class action settlement in the Circuit Court of Clay County, Missouri (case 15CY-CV07631-01), run by AAC v Eugene Nichols c/o Settlement Administrator. The official site is aacnoticeclass.com. You never pay to file a claim. How to check a settlement notice.

Related settlements

ClaimWell summarizes the official notice so it's easier to read. It isn't legal advice; the official settlement site is the authority on who qualifies and what each claim pays.