Case No. 1522-AC03346-02 in the 22nd Judicial Circuit Court for the City of St. Louis, Missouri

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If you owned property repossessed by CSAC, Inc., you could get valuable benefits from a class action settlement.

A court authorized this notice. 

  • You may be eligible to participate in a settlement with benefits, including money, having alleged deficiencies written off, and the deletion of certain negative credit information from credit reports for all persons with a secured collateralized loan or financing agreement with CSAC, Inc. (“CSAC”) and the collateral was repossessed and were mailed a presale or post-sale notice. The settlement resolves a lawsuit over whether CSAC sent proper notices to you in connection with attempting to collect your loan and repossessing and selling your property.  This settlement avoids costs and risks to you from the lawsuit; provides benefits to borrowers like you; and releases CSAC from liability.
  • The parties disagree on whether the borrowers could’ve won and the amount of money they would’ve been entitled to had they won.   
  • Your legal rights are affected whether you act or don’t act. Read this notice carefully.
  • Consult your tax adviser about the tax issues associated with this settlement.  Relief provided under this settlement, including money and debt reduction, may be subject to tax.
  • Your rights and options—and the deadlines to exercise them—are explained in this notice.
  • The Court must still decide whether to approve the settlement. Money and benefits will be provided if the Court approves the settlement and after any appeals are resolved. Please be patient.


Your Legal Rights and Options in this Settlement


Do Nothing

By doing nothing, you will receive the benefits that come from the settlement, including money. But you give up rights to separately sue CSAC about the same legal claims asserted. 

Exclude Yourself

Get no money or benefits. This is the only option that allows you to ever be part of any other lawsuit against CSAC about the legal claims.


Write to the Court about why you don’t like the settlement.

Go to a Hearing

Ask to speak in Court about the fairness of the settlement.