Verified Matter

Kirby v. Excelsior I, Inc. — $2 Million Vehicle Repossession Class Settlement

$2 million court-approved class settlement

Willie Mae Kirby brought a class action on behalf of South Carolina consumers who financed used-vehicle purchases through Excelsior entities doing business as Car Now Acceptance Corporation (CNAC). The complaint alleged that vehicles were repossessed and resold without required post-repossession notices, an opportunity to redeem, an accounting, or payment of surplus proceeds. The South Carolina Court of Common Pleas approved a $2 million class settlement.