Report: #1285809

Complaint Review: CREDIT ACCEPTANCE

  • Submitted: Sun, February 07, 2016
  • Updated: Sun, February 07, 2016
  • Reported By: AngryMiddletown — Middletown New York USA
  • CREDIT ACCEPTANCE
    25505 West Twelve Mile Road
    Nationwide
    USA

CREDIT ACCEPTANCE High interest rate upside down car loan, retrieved vehicle from and now garnishing my pay southfield Nationwide

*Consumer Comment: And It's Wailing Time Again

*Consumer Comment: Answer this question

*Author of original report: Credit Acceptance total ripoff

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

This bank is a total rip-off they hit you with an outrageous interest rate. Which places you in an upside down car loan. As soon as your late making one payment, they send someone out to your home to take your vehicle without you even knowing. And last but not least they place a judgement against you in the amount of the total cost of vehicle for which you no longer have and send documentation to your place of employment having your wages garnished.

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This report was posted on Ripoff Report on 02/07/2016 11:52 AM and is a permanent record located here: http://www.ripoffreport.com/reports/credit-acceptance/nationwide/credit-acceptance-high-interest-rate-upside-down-car-loan-retrieved-vehicle-from-and-now-1285809. 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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REBUTTALS & REPLIES:
1Author
2Consumer
0Employee/Owner

#1 Consumer Comment

And It's Wailing Time Again

AUTHOR: Jim - (USA)

 What you're describing is you are a serial deadbeat. That's exactly why you are being financed by a high APR subprime deadbeat lender. YOU very completely brought this on yourself. They did a repo, which does not make the contract go away. As you have seen, you are still on the hook for the rest of the contract! NO RIPOFF HERE -- Complainer caused a repo and subsequent lawsuit for remainder of contractual amount

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#2 Consumer Comment

Answer this question

AUTHOR: coast - (USA)

You agreed to the terms of the loan; therefore, the interest rate is not a rip-off.

The vehicle was repossessed because you failed to honor the terms of the loan agreement. What did the lender do that was in violation of the agreement?

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#3 Author of original report

Credit Acceptance total ripoff

AUTHOR: - ()

Credit Acceptance is garnishing my wages for a vehicle I no longer have in my possession and are currently reporting to the credit bureaus that they are not receiving any money.

 

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