Report: #929074

Complaint Review: Credit Acceptance Corp

  • 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?

Show customers why they should trust your business over your competitors...

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?
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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/reports/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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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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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