. .AMERICREDIT General Motors Americredit/credit reporting agencies texas, Texas

Sorry but you had the option of not taking out the loan.  You knew it was 24.99% and knew the payments would be $430  month before you signed.  How is this, and your late payments the lenders fault? 

Check the dates on the late payment reports on your credit report. They will be before "the account was paid in full".

If you don't want to repeat the experience do not borrow more than you can afford and pay your bills on time. 

ACF was NOT banned from making loans in California!!!  You clearly do not know what in the hell you're talking about!

If you're that "poor" then you don't need a car.  Nobody put a gun to your head to buy a car or become a sub-prime borrower.

Problems with the condition of the car are a matter between you and the dealer.  The lender's responsibility is financing alone, but like I said above, why would I exect you to know this because you've demonstrated very obviously how you don't know what you're talking about!

What GM is doing now by consuming this credit agency is what Chris Dodd (D - Conn) and Barny Frank (D - NY) did with Fannie Mae / Freddie Mack.  The government is allowing a company owned by the UAW and the Obama Administration to know do EXACTLY what Dodd and Frank did! 

They are giving loans to people who WILL NOT be able to pay them back.  When are decent folk going to wake up to what our congress is doing to this country.  Instead of paying back the tax payer, GM spends just over 3 Billion dollars (of our (tax) dollars) to buy a loan agency so they can give credit to people who will buy their crappy cars.

Thanks alot voters!  Thanks for thrashing on Bush for 8 years but giving a pass to Obama and his cronies.  I will NEVER buy a GM product or support that nationalized socialist business again.  I have over 30 people in my immediate family and I am doing everything to educate them to NOT buy one of those cars.  We will be buying FORD, Toyota or Honda. 

Regards,

-  A pissed off American citizen who votes!    

Unknowingly, my credit was ran through 15 different banks, now I have 15 inquiries killing my credit score and forcing me into that vehicle

- Perhaps you should look up how credit works.  If you had a dealer run your credit through 15 banks..that means that 14 other banks said NO.  So I really wonder how "good" your "good" credit was.

 Now those inquiries would not kill your credit score causing you to be forced into a sub-prime loan.  Inquiries are a very small percentage of your overall score, in fact just about everything else that you do has a bigger effect.  Second, credit scoring is aware of "rate shopping" for things like cars.  So even if there are 15 they know you are only going to get one loan and all inquiries will only be treated as one.

If you have any complaint it is that the finance manager at that dealer didn't have a clue.  As they should have been able to review your credit report and know which banks would have had a better chance of approving you. 

Guess the only people that will finance the car is Americredit, who by the way can no longer make loans in California because illeagal lending practices,

- Please show us where you got this "information" from. 

So I make all payments on time, all but three payments, because the accounting practices at Americredit cause you to get behind on your payments claiming they don’t get to their p.o. box but on fixed dates.

Account closed and payed those three lates on my credit report are reported 16/30 day lates one mo. 5/30 day lates another mo. then 6/30 day lates again and again all the while this account is showed payed and closed.

- Not sure what you are saying because an account can't be reported late until you are at least 30 days late.  I can just about guarantee you that it is not "sitting" at a PO box for 30 days.  So I am sure there is more than you are saying to your "on time" payments.  But when the account is paid in full it does not make the previous lates go away.  Your credit report is known as your credit "history" for a reason.