Fielder v Credit Acceptance Corporation Class Action Settlement

Frequently Asked Questions

1. What is this lawsuit about?

2. Why did I receive the Notice of Proposed Settlement?

3. What do I need to do if I want to receive benefits from the Settlement?

4. Will it cost me any money to participate?

5. The Notice mentions a Fairness Hearing that was to be held on September 7, 2007. Did I need to attend that hearing to receive benefits from this Settlement?

6. What Benefits will the Class Member get under the Settlement?

7. When can I expect to receive my benefit?

8. How can I get more information about the Settlement?

9. My address has changed. How can I give you my correct address?

10. I cannot cash the payment, as the person the payment was issued is now deceased. What can I do?

11. I cannot cash the payment, the name on the payment is incorrect. What can I do?

12. I didn’t receive my payment. What can I do?

1. What is this lawsuit about? (top)

Marvin Fielder and the other named plaintiffs purchased cars financed by CAC. They filed this lawsuit claiming they were overcharged for official fees and interest on their car contracts and that the notices CAC sent them upon repossessing their cars did not comply with Missouri law. They brought this case as a class action on behalf of other Missouri residents who may have similar claims against CAC.

2. Why did I receive the Notice of Proposed Settlement? (top)

You received this Notice because you have been identified as a possible class member of the Fielder Settlement Class and may be entitled to receive benefits. After over ten years of litigation, a proposed Settlement has been negotiated on behalf of the entire class and approved by the Court. Your rights as a class member are more fully described in the Notice and in the “Order And Final Judgment”.

3. What do I need to do if I want to receive benefits from the Settlement? (top)

You do not need to do anything to receive benefits from the Settlement. Under the terms of the Settlement, there is no need for you to submit a claim. You will automatically receive any benefits due to you under the Settlement and be bound by the Settlement.

4. Will it cost me any money to participate? (top)

No, there is no cost to you to participate in the Fielder Settlement.

5. The Notice mentions a Fairness Hearing that was to be held on September 7, 2007. Did I need to attend that hearing to receive benefits from this Settlement? (top)

No, you did not need to attend any hearing to receive benefits from this Settlement.

6. What Benefits will the Class Member get under the Settlement? (top)

CAC has agreed to pay thirteen million one hundred forty-five thousand dollars as part of the Settlement. This fund will be divided among class members and used to pay expenses and attorneys’ fees. In addition, CAC will also write off some class members’ entire account balances and reduce other members’ account balances. For eligible class members against whom CAC has court judgments, the judgments will be shown on the court record as fully satisfied or as partially satisfied in accordance with the account adjustments. CAC will also take steps to correct class members' credit reports in accordance with the account adjustments. Please see the Notice and the Order And Final Judgment for more details concerning the benefits for class members.

7. When can I expect to receive my benefit? (top)

Settlement payments were issued to class members on January 22, 2008.

8. How can I get more information about the Settlement? (top)

For additional information on this Settlement, you may call Rust Consulting, the Class Administrator, at 1-800-804-7167. You can also review the documents posted on this website, and you can review additional pleadings in the case at the office of the Clerk of Court, Circuit Court of Jackson County, 415 East 12th Street, Kansas City, Missouri. Please do not address any questions about the Settlement or lawsuit, however, to the court clerk or judge.

9. My address has changed. How can I give you my correct address? (top)

Please send the address change to the Class Administrator, PO Box 1889, Faribault, MN 55021-7144. Be certain to reference the Fielder v CAC Settlement, include your name, your original address, your new address and also your telephone number, in case the administrator needs to contact you. Settlement Documents

10. I cannot cash the payment, as the person the payment was issued is now deceased. What can I do? (top)

Please send a copy of estate documents, will, or any court approved document showing change of ownership along with death certificate to the Class Administrator, PO Box 1889, Faribault, MN 55021-7144. This information must be received by the Class Administrator no later than March 31, 2008 in order to be considered for a payment re-issue. Be certain to reference the Fielder v CAC Settlement, include letter describing your request, the original check, a copy of the required documentation and also your telephone number, in case the administrator needs to contact you.

11. I cannot cash the payment, the name on the payment is incorrect. What can I do? (top)

Please send a copy of marriage license, divorce decree, or driver’s license to the Class Administrator, PO Box 1889, Faribault, MN 55021-7144. This information must be received by the Class Administrator no later than March 31, 2008 in order to be considered for a payment re-issue. Be certain to reference the Fielder v CAC Settlement, include letter describing your request, the original check, a copy of the required documentation and also your telephone number, in case the administrator needs to contact you.

12. I didn’t receive my payment. What can I do? (top)

Either send a detailed letter including a correct mailing address, name, and phone number to the Class Administrator, PO Box 1889, Faribault, MN 55021-7144 or call our toll free number at 1-800-804-7167. This request must be received by the Class Administrator no later than March 31, 2008 in order to be considered for a payment re-issue.

Settlement Documents

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