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The Free Financial Advisor
The Free Financial Advisor
Business
Brandon Marcus

Georgia Secures $28 Million in Auto Loan Debt Relief—Could You Be Eligible?

Georgia
Georgia Secures $28 Million in Auto Loan Debt Relief—Could You Be Eligible?
Georgia’s $28 million auto loan settlement covers qualifying borrowers whose vehicles were repossessed and those who still have their cars. Eligibility depends on the loan and the settlement’s specific requirements – Shutterstock

A car loan can follow someone long after the car itself disappears. Georgia’s latest auto loan settlement could finally change that equation for thousands of borrowers, including some people who lost their vehicles years ago.

On September 21, 2026, Georgia Attorney General Chris Carr announced a multistate settlement with Credit Acceptance Corporation (CAC). The agreement provides more than $28.19 million in relief for over 4,890 Georgians, as part of a nationwide settlement worth $694 million in cash and debt relief.

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