Lou Budke's Arrow Finance Company Repossession Settlement
Checked October 14, 2026 against the official notice · Edited by Ferhat Abdullahoglu
If you owned property repossessed by Lou Budke’s Arrow Finance Company and received a presale or post-sale notice, you may be eligible for benefits. The settlement provides money, cancellation of certain debts, and deletion of negative credit information from credit reports.
Who qualifies
“All persons who have or had a loan or finance agreement held by Lou Budke under which personal property was pledged as collateral who Lou Budke mailed a presale or post-sale notice.”From the court-approved notice
What you can get
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
When settlements pay, and what can delay it.
Is this settlement legit?
Yes. It's a court-approved class action settlement in the Twenty-First Judicial Circuit Court for St. Louis County, Missouri (case 15SL-AC29334-01). The official site is repoclassactionsettlement.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.