CREDIT ACCEPTANCE CORPORATION This Company is nothing more than lonesharks Southfield, Michigan

I wasn't calling you specifically a deadbeat. Sorry that your ex husband doesn't live up to his obligations to you and the kids. Jim did explain how sub prime lending works and hopefully you won't be too harsh on us in the business having to do our jobs. Seriously if you could listen to what people in general say to us, you might understand our point of view.

 dear gentlemen , first i would like to thankyou for your words, but i think that you have it all wrong and for you to call me a deadbeat was a little harsh . the reason for all this was because of a deadbeat man who left his wife and child and all of his debt for me to pay so it was either keep my house for my child to live and i forgot one payment on this car everyone is human and do forget things. but for the other comment on getting another job how am i suppose to do that with a child . and i do know the law in virginia about child support if they don't pay it then theu let them slide until they are thousands behind so if you 2 could figure out how to get the deadbeat to pay me i would not have this problem. oh and they still don't pay when they are in jail so maybe you could help me out with that /

All I can add is AMEN! Jim my man, you couldn't have said this any better than I. You probably are in the business in some capacity and you of all people truly know how it works. Isn't it funny people all of a sudden magically become attorney's with full knowledge of the law trying to tell us how we should operate? Lady if you did my job for a week, then maybe you would get a taste of your own medicine and understand what deadbeats we have to be "nice" to.

1.  This company is NOT a bank.  Its a SUB-PRIME lender.  A SUB-PRIME lender financed you because you have bad credit.  Because of this, the interest rate was higher than a PRIME LENDER, such as a bank.  There is nothing illegal, immoral or unethical about this.  Sub-prime borrowers often have their cars repo'ed because they don't make the payments as they said they would.  Know anybody like that?

2.  Because losses are much higher when dealing with sub-prime borrowers, the sub-prime lenders manage their accounts alot closer.  As such, doing a repo for being 30 days late is NOT unusual and is also not illegal.

3.  When the car is repo'ed, you are on the hook for the contract price of the car which means the cost of the car plus interest plus late fees.  Just because the car is picked up, the amount YOU AGREED to pay doesn't magically go away.  You are on the hook for it and with a sub-prime loan's high interest rate, that can be a large amount, as you have seen.

4.  You can contact anybody you want.  They will laugh at you because, by the way you phrase your complaint, its a dead giveaway you do not understand finance. 

In summary, you are a sub-prime borrower.  You made yourself a sub-prime borrower by having a reputation for NOT paying your bills on time.  Nobody did that to you, you did it all by yourself!  However, you don't need to be a borrower of the sub-prime class.  You can start repairing your reputation by paying each and every bill on time, everytime.  If you don't make enough money at your job to do this, then its time to get a part time job in addition.  A repo is a very serious black mark on your credit report.  You should have taken it as such!