Credit Acceptance Cooperation Fraud, Rip off, Ruthless Southfield Michigan
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.
1 Updates & Rebuttals
Jim
Florida,YOU Ruined YOUR OWN Credit
#2Consumer Comment
Fri, 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.