Great American Finance Holdings, LLC
4 cardholder agreements · 3.0 MB
- Starting score100
- Forced arbitration (opt-out available)-12
- Class-action waiver-12
- Deferred interest-15
- Fair Terms score61 · grade C
See the exact wording behind each below.
Embed this badge on your site ↓
<script src="https://cards.techtonic.llc/widget.js" data-issuer="great-american-finance-holdings-llc"></script>Paste it anywhere on your site. The badge links back to this page — a real, crawlable link, not an image.
You can opt out of this issuer's forced arbitration
deadline ≈ 60 daysGreat American Finance Holdings, LLC's agreement lets you reject arbitration and keep your right to sue — usually within 60 days of opening the account. You have to send it in writing. Here's the language from the filed agreement:
“…er, and less court and jury trials? costly than a lawsuit. Pre-hearing fact finding is limited. Appeals are limited. Courts rarely overturn arbitration awards. Can I opt-out of this Yes, within 60 days If I do not want this Clause to apply, I have 60 days from the Loan Date to opt Clause? out. To opt out, I must tell Lender in a writing I send to the Notice Address. I must give my name, address, Loan number and Loan Date. I must state that I opt out of this Clause. I may not send my notice electronically. What is this Clause The parties Lender and I agree that any party may arbitrate or demand arbitration of any about? agreement to Dispute unless I opt out or the law does not allow it. arbitrate Disputes Who does the Lender and me This Clause covers Lender and me. This Clause also applies if I have a Dispute Clause cover? with a Related Party related in some way to my application, this N…”
Read the exact mailing address in the clause above, then use our opt-out letter template and full guide →
Contract X-Ray — what's buried in the fine print
3 red flags · 4 filed docsDetected in the CFPB-filed cardholder agreements from Great American Finance Holdings, LLC. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
You give up your right to sue in court — disputes are pushed into private arbitration.
Show the exact wording ↓Hide wording ↑
“…inst one or both of you. By signing below, you agree to the terms of and acknowledge receipt of a completed copy of this Agreement, which includes an arbitration provision. Great American Finance Holdings, LLC - Privacy Policy March 2021 FACTS WHAT DOES GREAT AMERICAN FINANCE HOLDINGS, LLC DO WITH YOUR PERSONAL INFORMAT…”
You can't band together with other cardholders in a class action.
Show the exact wording ↓Hide wording ↑
“…ghts? 1. Have juries decide Disputes. 2. Have courts, other than small claims courts, decide Disputes. 3. Serve as a private attorney general or in a representative capacity. 4. Join a Dispute I have with a dispute by other consumers. 5. Bring or be a class member in a class action or class arbitration. Lender also gives…”
“No interest if paid in full” — miss the deadline and you're billed interest back to day one.
Show the exact wording ↓Hide wording ↑
“…to $5000 $250 $7000.01 to $7500 $375 Your Minimum Payment Due may also include a percentage of any billed and unpaid Interest Charges (except for any deferred interest that has not yet been charged to the Account) and fees. The Minimum Payment Due will be the greater of: (1) $25; or (2) the sum of (a) all Fixed Paym…”
“…equal to 5% of the purchase amount. Your Minimum Payment Due may also include a percentage of any billed and unpaid Interest Charges (except for any deferred interest that has not yet been charged to the Account) and fees. The Minimum Payment Due will be the greater of: (1) $25; or (2) the sum of (a) all Fixed Paym…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
Show the exact wording ↓Hide wording ↑
“…rmal, faster, and less court and jury trials? costly than a lawsuit. Pre-hearing fact finding is limited. Appeals are limited. Courts rarely overturn arbitration awards. Can I opt-out of this Yes, within 60 days If I do not want this Clause to apply, I have 60 days from the Loan Date to opt Clause? out. To opt out, I must tell Lend…”
Checked & clear: Jury-trial waiver · Change-anytime clause · Penalty APR
Cardholder agreements
Filed with the CFPB in the 2026 Q1 bulk submission. Opens the original PDF.