Is Mepco Finance a Scam?

Mepco Finance Corporation is a Chicago-based company that provides installment financing for vehicle service contract premiums. Mepco is not a warranty administrator or insurer - it is a financing entity that collects monthly payments from consumers who purchase vehicle service contracts on a payment plan through participating dealers and warranty sellers. Mepco has been named in Telephone Consumer Protection Act civil litigation related to warranty marketing calls. Consumers sometimes confuse Mepco with the warranty administrator; they are separate entities. If you have a coverage dispute, the claim must be directed to the administrator named in your contract, not Mepco.