Retailer must forgive debt, offer refunds to some military customers
Military customers victimized by sales and credit practices of a furniture retailer with a location near Fort Bragg may be eligible for debt forgiveness or refunds of purchases, North Carolina Attorney General Roy Cooper announced Thursday.
Posted — UpdatedCooper joined the Virginia Attorney General’s Office and the Consumer Financial Protection Bureau in filing a complaint and judgment in federal court against Freedom Furniture, Inc., Freedom Acceptance Corporation (FAC), Military Credit Services, LLC (MCS) and owners John F. Melley and Leonard B. Melley, Jr. for violations of state and federal laws on credit and debt collection.
“Military servicemembers work hard to protect our country, but unfortunately their steady paychecks can make them targets for shady practices,” Cooper said. “We won’t tolerate unscrupulous businesses that take advantage of military consumers in North Carolina.”
The judgment requires that the three companies pay more than $2.5 million in debt forgiveness and refunds and an additional $100,000 in fines.
The North Carolina customers will share $234,000 in refunds and debt forgiveness.
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