Speedy Cash $80,000 Debt Collection Settlement

Virginia residents who took out a line of credit or loan with Speedy Cash and were contacted by National Credit Adjusters LLC about that debt may qualify to claim debt cancellation and credit reporting relief from a class action settlement.

National Credit Adjusters LLC agreed to settle a class action lawsuit alleging it attempted to collect Speedy Cash debts that may have been legally void under Virginia law.

Who is eligible for Speedy Cash relief?

Class members must meet the following requirements:

• They are a natural person (not a business or legal entity).
• They are located in Virginia.
• They took out a “line of credit” or loan with Speedy Cash.
• They were contacted by National Credit Adjusters about that debt.
• The contact occurred within one year of Jan. 9, 2024, or during the pendency of the lawsuit.

What benefits can class members receive?

The settlement provides non-monetary relief to class members rather than cash payments. The benefits include:

• Cancellation of all Speedy Cash debts purchased by National Credit Adjusters
• Deletion of all credit reporting related to these debts

No claim form necessary

Class members do not need to file a claim or take any action to receive the benefits of this settlement. National Credit Adjusters will provide the relief automatically.

Settlement fund breakdown

The settlement fund includes:

• Settlement administration costs: To be determined
• Attorneys’ fees and costs: Up to $80,000
• Service awards to class representatives: $10,000 each ($40,000 total)
• Payments to eligible class members: $0 (relief is nonmonetary)

Important dates

• Final fairness hearing: Oct. 16, 2025

When is the Blackburn et al. v. National Credit Adjusters LLC payout date?

Debt cancellation and credit reporting deletion will occur after the court grants final approval and the settlement becomes effective.

Why was there a class action settlement?

The class action lawsuit alleged National Credit Adjusters LLC violated the Fair Debt Collection Practices Act by attempting to collect Speedy Cash debts that were legally void under Virginia law.

NCA denies any wrongdoing or violation of the law, and the court has not made any determination regarding the validity of the debts or whether NCA violated the FDCPA. The parties agreed to settle the lawsuit to avoid the uncertainty and expense of continued litigation.

Sources

1. Class notice
2. Settlement agreement
3. Settlement FAQ