In an unprecedented move, Snap Finance will automatically erase $135,643,677 in debt from 62,753 accounts in Florida. This debt forgiveness is part of a broader agreement involving the attorneys general from 17 U.S. states. Customers benefitting from this arrangement will be able to keep the items they’ve acquired through the affected contracts without making further payments.
Snap Finance is a financial services company that offers lease-to-own agreements through partnered retailers. This model allows customers to take home a product immediately while paying for it over time through lease installments until they own it outright.
The agreement, unveiled on October 21, 2026, was led by Iowa Attorney General Brenna Bird and…