Category: AFC

What happens if AFC Gets a Judgment Against Me?

 Automotive Finance Corporation, commonly known as AFC, has been suing more of its customers in Marion County (Indianapolis), Indiana than in previous times.  In most of these cases, AFC gets a default judgment, then they begin post-judgment collections.If AFC takes a judgment against you what can you expect? You can expect that any national financial […]

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CARES ACT – suspends 10% penalty on retirement account withdrawals up to $100,000

The CARES Act, which was adopted in response to the Corona Virus/Covid-19 crises includes some important provisions regarding your protected retirement accounts.  Most people can withdraw up to $100,000 from the accounts without a penalty, and with an extended time to pay taxes that are due on the money. This should come in handy for […]

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Nextgear, Automotive Finance Corporation and the Covid-19 Pandemic

Attorney Keith Hagan and I have been defending dealers from suits by Nextgear for over two years. Nextgear has been filing about 1,000 suits per year in Hamilton County, Indiana, and that’s in good economic times.  Automotive Finance Corporation (AFC) has been filing quite a few less than Nextgear in Marion County, Indiana. We have […]

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Have you been sued by Automotive Finance Corporation in Indiana?

We have noticed an uptick in lawsuit activity by Automotive Finance Corporation, -also known as “AFC”.  For the past two and a half years, Keith Hagan and I have been handling a lot of dealer floorplan defense cases against Nextgear Capital, and a few cases against AFC. This is because Nextgear historically sued a lot […]

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Have You Been Sued by Automotive Finance Corporation?

Many car dealers and guarantors of auto floorplan loans are sued in Indiana by Automotive Finance Corporation (AFC).  Most of the people sued don’t know how to defend themeselves.  Some think that just because the dealership owes money on the loan, there is nothing they can do. This is not necessarily the case, and this […]

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