Charlotte Car Dealership Accused of Predatory Lending Practices Against Blacks

January 13, 2014
Associated Press 
auto financing news
The federal Department of Justice, along with state prosecutors in North Carolina, has filed suit against a pair of "buy here pay here" auto dealerships that are charged with preying on African Americans seeking used cars.

Owner/operator Zudhi A. Saadeh also is named in the litigation, which complains that Auto Fare Inc. and Southeastern Auto Corp. deliberately singled out black car buyers for unfair and predatory sales contracts. The two Charlotte businesses also allegedly failed to give customers reasonable notice of repossession, seized vehicles from customers who were not in default, and refused to give customers refunds that they were owed, among other charges.

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