• Report: #1101672

Complaint Review: Credit Acceptance

  • Submitted: Sat, November 23, 2013
  • Updated: Sat, November 23, 2013

  • Reported By: unsatisfied customer — Detroit Michigan
Credit Acceptance
Southfield, Michigan USA

Credit Acceptance RipOff Southfield Michigan

*Consumer Comment: Why do they always blame the lender?

*Consumer Comment: The real problem

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I recieved a loan from them  it was the worst mistake every. Not only do they charge outragous intrests but they charge you twice of what the price of the vehicle.

These vehicles are lemons . They have harrassed me and now after the repo they are sueing me after they sold the car. They car was almost 70% paid  off so how did I get sued. 

 

I need some serious help I feel I owe them nothing since they resold the car and charge me all sorts of fees .... Ripp off they are very rude to you when you call. 

I truly need help

 

 


This report was posted on Ripoff Report on 11/23/2013 09:21 AM and is a permanent record located here: http://www.ripoffreport.com/r/Credit-Acceptance/Southfield-Michigan-48075/Credit-Acceptance-RipOff-Southfield-Michigan-1101672. 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

Why do they always blame the lender?

AUTHOR: coast - ()

“Not only do they charge outragous intrests but they charge you twice of what the price of the vehicle.”

You agreed to the price and the terms of the loan; therefore, the transaction was not a rip-off.

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#2 Consumer Comment

The real problem

AUTHOR: Robert - ()

 The real problem is your attitude.  So let's give you some facts here.

First Credit Acceptance is a SUB-PRIME lender.  Meaning that the only reason you are with them is because you have not proven you are trustworthy enough to handle credit.  Most likely you have previous late payments, defaults, or perhaps even a repo or two.

Next, they ONLY finance the car they do not sell that to you.  So if the car was a lemon that is between you and the dealer..of course when you buy a used car you buy it As-Is which means that you are responsible for any repairs.  If you didn't like the high interest rate you could have just walked away without getting the loan.

The only reason they would reposess the car is because you were delinquent.  The only reason they are "rude" when you called is because you weren't paying them what you legally owed them.

They car was almost 70% paid  off so how did I get sued. 

- Because the car was only 70% paid off..until it is 100% paid off YOU still are required to pay on the loan.

I need some serious help I feel I owe them nothing since they resold the car and charge me all sorts of fees

- What you "feel" is wrong.  Yes, they sold the car at auction and that price was deducted from the balance.  However, they are legally allowed to add various fees and you are legally bound to pay them.  Why?  Because when you got the loan YOU agreed to all of this.

So yes you do need serious help in the form of a lawyer because when you go to court you will loose.  Your best bet is to come to some settlement.  Worst case is that you will be required to pay the entire balance, and depending on your state they will garnish your wages and/or just take the money from your bank account.

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