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Report: #1088479

Complaint Review: Credit Acceptance Cooperation - Southfield Michigan

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  • Reported By: Janice — Woodbridge Virginia
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  • Credit Acceptance Cooperation 25505 West Twelve Mile Road Southfield, Michigan USA

Credit Acceptance Cooperation Fraud, Rip off, Ruthless Southfield Michigan

*Consumer Comment: YOU Ruined YOUR OWN Credit

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 Credit Acceptance financed a vehicle about five years ago for me, through another fraudulent used car outlet called Auto outlet. The car was totally messed up this was my first year of college and I needed a vehicle desperately. The car broke down three days after i took it home. Similiar story I read from another guy, the interest rate was initially 14%, the dealership later told me the financing rate was 24%. I was devastated and confused I took the car right back to the dealership and left the key on their desk. Credit Acceptance ruined my credit even after i paid off another vehicle, i still have a deliquent 11,000 dollars on my credit. I am very disappointed in this company. Don Foss claim to be a great business tycoon. I think his living is made from a corrupt source, he will surely own the best business in Hell.

This report was posted on Ripoff Report on 09/30/2013 07:22 PM and is a permanent record located here: https://www.ripoffreport.com/reports/credit-acceptance-cooperation/southfield-michigan-48034/credit-acceptance-cooperation-fraud-rip-off-ruthless-southfield-michigan-1088479. 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

YOU Ruined YOUR OWN Credit

AUTHOR: Jim - ()

POSTED: Friday, June 13, 2014

The quality of the car is SEPARATE from the financing.  The two do not go hand-in-hand.  The interest rate of the SUBPRIME loan you got into is stated in the contract.  Did you read it?  When you take a car back to the dealership, that is considered a VOLUNTARY REPO.  It carries all the full strength and meaning of a "pick-it-up-in-the-middle of the night repo.  YOU agreed to have the car in a REPO.  YOU ruined your own credit.  No, I don't work for them.

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