The Arkansas attorney general's office said Tuesday that it has filed a lawsuit against a group of automobile dealerships alleging that they are "engaging in deceptive practices by selling and financing used vehicles then using prohibited collection methods against Arkansas consumers."
The lawsuit was filed in Pulaski County Circuit Court against Automatic Auto Finance Inc., Jorja Trading Company Inc., CashFish Motor Pawn Inc., and their officers and owners, according to the news release.
"This buy-here-pay-here dealer is abusing economically disadvantaged consumers who have little or no credit resources by selling them a low-value vehicle financed at an exorbitant price and interest rate," said Attorney General Leslie Rutledge in a prepared statement.
The companies, based in Northwest Arkansas, own several dealerships including Auto Now, Instant Auto, Motor Street Auto of Northwest Arkansas, On Time Auto and All Star Auto Parts, according to the news release.
-- Jessica Seaman