Seterus Hit with Lawsuit Over “False and Misleading” Debt Collection Letters

Last Updated on December 9, 2020

Investigation Complete

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Case Update

December 9, 2020 – Investigation Closed, Settlement in the Works

At A Glance

This Alert Affects:
Anyone who fell behind on mortgage payments and then received a letter from Seterus regarding their non-payment.
What’s Going On?
Seterus has been hit with class action lawsuits that allege the company sent out debt collection letters that falsely implied that homeowners’ loans would be accelerated – meaning the full amount of the mortgage would be due – if they didn’t pay the money they owed within a certain time period. A copy of these letters can be seen below.
Who Is Seterus Anyway?
Seterus Inc. is a company that specializes in collecting delinquent residential mortgage loans.