(NASHVILLE, Tenn.) -- One hundred Tennessee soldiers are set to receive more than $400,000 in debt relief as part of a nationwide lending scheme settlement.
Tennessee Attorney General Bob Cooper joined 12 state attorneys Tuesday in announcing a total of $92 million in debt forgiveness for about 17,000 U.S. soldiers and other consumers alleged to have been harmed by company Rome Finance.
Officials say Rome Finance offered consumers contracts to buy computers, video game consoles, televisions, and other products, typically sold at mall kiosks near military bases. The paperwork promised instant financing with no money down, with the company serving sometimes serving as the initial creditor.
The deal affects servicemen once stationed at Fort Campbell, Kentucky.
"My office recently published a consumer manual for service members, and we work closely with Ft. Campbell consumer counselors," Cooper said. "Soldiers shouldn't have to worry about being cheated when they buy a car, a computer or some other product or service."
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