SMART Payment Plan, LLC (CFPB payments)
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.
The CFPB is paying consumers misled by SMART Payment Plan's 'benefits summaries' that overstated savings from enrolling in its plan. Distribution began September 18, 2025 and is ongoing, administered by Rust Consulting.
Who qualifies
“The CFPB alleged that SMART provided consumers individualized “benefits summaries” that claimed a specific amount of interest savings or other money savings consumers would get by enrolling in the SMART Plan, but SMART’s fees would ordinarily exceed the savings.”From the court-approved notice
How to file
- 1. Check that the class description above fits you.
- 2. File on the official claim form. It usually takes a few minutes.
Is this settlement legit?
Yes. It's a court-approved class action settlement (case 2020-BCFP-0020), run by Rust Consulting. The official site is consumerfinance.gov. 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.