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Company allegedly targeting troops must provide $96 million in debt relief | MilitaryTimes

Company allegedly targeting troops must provide $96 million in debt relief | MilitaryTimes

A company accused of targeting service members with high-cost loans and predatory practices will provide nearly $96 million in forgiven debt and restitution for thousands of customers, most of whom are in the military or veterans, under a 49-state settlement.
The settlement, announced Friday by the states, will force the company, USA Discounters, to wipe out a large amount of outstanding consumer debt, provide restitution credits and correct consumers’ credit reports, according to the Virginia state attorney general’s office. More than 8,000 consumers in Virginia alone will receive more than $10.5 million in restitution.

Source: Company allegedly targeting troops must provide $96 million in debt relief