Global Lending Services Lawsuit: What You Need to Know

Lawyer

Global Lending Services (GLS) is an Atlanta-based subprime auto lender that has been the subject of numerous complaints from consumers. In 2023, a class-action lawsuit was filed against GLS alleging violations of the Fair Credit Reporting Act (FCRA).

Allegations in the Lawsuit

The lawsuit alleges that GLS engaged in a number of unlawful practices, including:

  • Failing to accurately report consumer credit information to credit bureaus.
  • Furnishing inaccurate credit information to third parties.
  • Failing to investigate and correct disputed credit information.
  • Using inaccurate credit information to make lending decisions.

Impact on Consumers

The alleged unlawful practices by GLS have had a number of negative consequences for consumers, including:

  • Difficulty obtaining credit or loans.
  • Increased interest rates on loans and credit cards.
  • Damage to credit scores.
  • Harassment by collection agencies.

Your Rights

If you have been affected by the alleged unlawful practices of GLS, you may have certain legal rights. You can:

  • File a complaint with the Consumer Financial Protection Bureau (CFPB). The CFPB is a federal agency that enforces consumer financial protection laws.
  • File a lawsuit against GLS. If you have been harmed by the alleged unlawful practices of GLS, you may be able to file a lawsuit to recover damages.

Conclusion

The class-action lawsuit against GLS is still ongoing. However, the lawsuit has the potential to provide relief to consumers who have been harmed by the alleged unlawful practices of GLS.

FAQs

Q: What is the Fair Credit Reporting Act (FCRA)?

A: The Fair Credit Reporting Act (FCRA) is a federal law that protects the accuracy and confidentiality of consumer credit information. The FCRA gives consumers the right to access their credit reports, dispute inaccurate information, and limit the disclosure of their credit information.

Q: What are the benefits of filing a complaint with the CFPB?

A: Filing a complaint with the CFPB is free and easy to do. The CFPB will investigate your complaint and may take action against the company that violated your rights. The CFPB may also be able to help you get a refund or other relief.

Q: What are the benefits of filing a lawsuit against GLS?

A: If you have been harmed by the alleged unlawful practices of GLS, you may be able to file a lawsuit to recover damages. Damages may include compensation for financial losses, emotional distress, and other harms.

Q: How do I know if I have been affected by the alleged unlawful practices of GLS?

A: You can check your credit reports to see if GLS has reported any inaccurate information. You can also contact GLS to inquire about your credit information.

Q: What should I do if I have been affected by the alleged unlawful practices of GLS?

A: If you have been affected by the alleged unlawful practices of GLS, you should file a complaint with the CFPB and consider filing a lawsuit. You can also contact a consumer protection attorney to discuss your legal options.

Q: What is the status of the class-action lawsuit against GLS?

A: The class-action lawsuit against GLS is still ongoing. The court is currently considering a motion for class certification. If the court certifies the class, the lawsuit will proceed to discovery and trial.

Conclusion

The class-action lawsuit against GLS is a significant development for consumers who have been harmed by the alleged unlawful practices of the company. The lawsuit has the potential to provide relief to consumers and deter GLS from engaging in unlawful conduct in the future.

References:

  • Consumer Financial Protection Bureau (CFPB): https://www.consumerfinance.gov/
  • Better Business Bureau (BBB): https://www.bbb.org/us/ca/san-ramon/profile/delivery-service/general-logistics-systems-1116-919320
  • Justia: https://www.myrtlebeachonline.com/news/special-reports/article264618911.html

1 comment on “Global Lending Services Lawsuit: What You Need to Know

  1. I went to buy another vehicle today so my husband can go to work and I checked my credit and all my history from GLS is gone. I have paid before due date,on time every month for over five years and now that credit age is gone! Are they correcting things? Will they be putting my payment history back on my reports. This has effectively hurt my credit and now we have to wait to get another vehicle that we need to make a living. I haven’t gotten any notice from them about them removing my reports. I was shocked by this today.

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