Arkansas Attorney General Tim Griffin
More than 9,300 Arkansans will have nearly $18.5 million in outstanding lease payments forgiven following a multistate settlement involving consumer financial services company Snap Finance.
Arkansas Attorney General Tim Griffin announced the agreement Wednesday, October 21st, joining 16 other attorneys general in a settlement valued at nearly $664 million over allegations of deceptive business practices involving lease-to-own agreements.
Under the settlement, Snap Finance will automatically cancel $18,449,844 in outstanding lease payments associated with 9,352 Arkansas accounts. Qualifying consumers will also gain ownership of the merchandise covered by their…