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Business ProfileforBetter Auto Equity Loans of DE, LLC
Additional business information
https://www.attorneygeneral.gov/taking-action/vehicle-loan-consumers-will-get-back-705000-from-predatory-title-loan-company-via-ag-settlement/
Settlement with Auto Equity Loans also Results in Debt Cancellation for Pennsylvanians
HARRISBURG – Attorney General Michelle Henry today announced a settlement with a Delaware-based title loan company that levied illegal interest rates — with some borrowers paying more than 200% in annual interest.
As a result of the OAG’s recent settlement, Auto Equity Loans of DE, LLC (“AEL”) will refund $705,000 in unlawful interest charges to consumers who fell victim to the scheme. In addition, the settlement requires AEL to cancel and stop accepting payments on all remaining car title loans to Pennsylvanians – worth more than $1 million in debt cancellation.
AEL no longer operates as a car title loan business.
As part of today’s settlement, AEL and its successors, agents, owners, employees, and officers are prohibited from ever again making vehicle title loans to Pennsylvania residents.
Consumers who believe they have been taken advantage of by similar practices at another car title lender should file a complaint online or contact the Office of Attorney General at [email protected] or 1-800-441-2555.
The AEL settlement was filed in the Philadelphia Court of Common Pleas by Assistant Director for Consumer Financial Protection Nicholas Smyth.
At-a-glance
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Business Details
- Location of This Business
- 1241 Churchmans Rd, Newark, DE 19713-2149
- BBB File Opened:
- 6/22/2010
- Years in Business:
- 14
- Business Started:
- 8/25/2009
- Business Incorporated:
- 8/25/2009
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Business Name
- Auto Equity Loans
- Business Management
- Mr. David Levi, Owner
- Mr. James Milonas, Client Services Associate
- Contact Information
Principal
- Mr. David Levi, Owner
- Additional Contact Information
Fax Numbers
- (480) 307-8353Primary Fax
Phone Numbers
- (302) 565-2502Other Phone
Website Addresses
- (480) 307-8353
Customer Complaints
0 Customer Complaints
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