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Better Business Bureau

          Additional Information

          Not BBB accredited

          Better Auto Equity Loans of DE, LLC

          View full profile
          Location of This Business
          1241 Churchmans Rd, Newark, DE 19713-2149
          BBB File Opened:
          6/22/2010
          Years in Business:
          15
          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) 307-8353
            Primary Fax

          Phone Numbers

          Website Addresses

          Additional Business Information
          Pending Government Action
          Government Action: BBB reports on known government actions involving business’ marketplace conduct:
          Auto Equity Settlement for PA Consumers
          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. 
          Serving Area
          • 19808
          Referral Assistance
          • Delaware Banking Commission
            1110 Forrest Avenue
            Dover DE 19901
            Phone Number: 302-739-4235
            Fax Number: (302) 739-2356
            https://banking.delaware.gov/
            [email protected]
          Business Categories
          Title Loans, Small Business Loans

          Contact Information

          1241 Churchmans Rd

          Newark, DE 19713-2149

          Visit Website
          (800) 787-1719

          Accreditation

          This business is not BBB Accredited

          Years in Business: 15

          BBB Rating

          A

          Customer Reviews are not used in the calculation of BBB Rating

          Reasons for BBB Rating

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