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CLARKSVILLE, Tenn. – The Tennessee Attorney General announced that approximately $92 million in debt relief has been obtained for about 17,000 U.S. soldiers and other consumers who were victims of a scam by Rome Finance.
100 soldiers once stationed at Fort Campbell will receive $442,485 of this debt forgiveness. Rome Finance offered contracts to consumers purchasing computers, video game consoles, televisions, or other products.
These products were typically sold at mall kiosks near military bases with the promise of instant financing with no money down. In some cases, Rome Finance was the initial creditor, and in other cases, Rome Finance provided indirect financing by agreeing to buy the financing contracts from merchants who sold the goods, according to a news release.
“My office recently published a consumer manual for service members, and we work closely with Ft. Campbell consumer counselors,” Attorney General Bob Cooper said. “Soldiers shouldn’t have to worry about being cheated when they buy a car, a computer or some other product or service.”
Attorney General Cooper pointed out that recovery in this case was made possible because the soldiers complained to base officials who reported the problems to his office.