First Investors Financial Services Inaccurate Auto Loan Reporting Class Action

Investigating a class action on behalf of individuals who applied for or received an automobile loan from First Investors Financial Services Group.  First Investors was recently fined $2.75 million by the Consumer Financial Protection Bureau for knowingly sending inaccurate information to credit rating agencies.  It is alleged that First Investors understated how much some clients paid on their auto loans, overstated the amounts past due, misreported dates when customers fell behind on payments and inflated the number of delinquent payments.  As a result of this inaccurate reporting, individuals may have a harder time receiving other loans, qualifying for lower interest rates or securing employment.  If you or someone you know applied for or received an auto loan with First Investors Financial Services Group, please contact us.

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