Nicholas Financial, Inc. Repossession Settlement
Checked October 15, 2026 against the official notice · Edited by Ferhat Abdullahoglu
Free to check. We remind you before deadlines. You file on the official site.
You may be eligible for benefits if Nicholas Financial, Inc. repossessed your property and mailed you a presale notice or post-sale explanation between April 1, 2016, and December 1, 2022. Benefits include a cash payment, cancellation of certain debts, and deletion of negative credit information, with the cash payment amount depending on your loan and interest rate, and potentially increasing if claims against insurers are successful.
Who qualifies
- Between April 1, 2016 and December 1, 2022.
“All persons who NFI mailed a presale notice or post-sale explanation between April 1, 2016 and December 1, 2022, except for those persons: (a) against whom NFI has obtained a final deficiency judgment; (b) who filed for bankruptcy after the date on which NFI sold their collateral and whose bankruptcy ended in discharg…”From the court-approved notice
What you can get
Cash payment
depends on the money you borrowed and the interest rate on your loan
Proof: None
Amount may increase if claims against insurers are successful
Deficiency balance write-off
Proof: None
NFI will no longer seek to collect claimed outstanding amounts
Credit report deletion
Proof: None
NFI will try to delete deficiency balance information
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 Circuit Court of Clay County, Missouri (case 21CY-CV02148-02). The official site is nficlassaction.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.