• Report: #929074

Complaint Review: Credit Acceptance Corp

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  • Submitted: Sat, August 18, 2012
  • Updated: Sat, August 18, 2012

  • Reported By: leilaluppi — Highland New York United States of America
Credit Acceptance Corp
PO Box 551888 Detroit, Michigan United States of America

Credit Acceptance Corp I paid off my loan in June and they sent me the title. In Aug. I received a bill for $1181.40. Detroit, Michigan

*Consumer Comment: What Does The Bill Say?

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I paid off my auto loan in June of 2012. In August, I received a bill for over $1100.00. I own the title. they sent it to me in July. What do I do?

This report was posted on Ripoff Report on 08/18/2012 09:37 AM and is a permanent record located here: http://www.ripoffreport.com/r/Credit-Acceptance-Corp/Detroit-Michigan-48255/Credit-Acceptance-Corp-I-paid-off-my-loan-in-June-and-they-sent-me-the-title-In-Aug-I-r-929074. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

What Does The Bill Say?

AUTHOR: Jim - (USA)

In all probability the bill is for late fees and additional interest. if you made payments late, that generates additional interest. This is a subprime lender with a high interest rate. It doesn't take long to run up huge additional interest charges along with late fees. This would have been explained in the contract and/or Late notice notifications. However, the FIRST step is reading the invoice to see exactly what the amount is for.
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