Credit Acceptance, They Cahnge Lives alright Southfield Michigan
I purchased a 2000 Ford Taurus in my name froma a local dealer in my area and I was finaced throght this Company Credit Acceptance .Little did I know that my Nightmare was just beginning .
I purchased this vehicvle back in September 2008 , with my first payment to begin on October 9th . I bought this car fir my stepdaughter and made an agreemnet with her the if she paid half we would pay half well to make a long story short we were late on the first payment we were going to make it late and before we could make the payment they came and reposessed the vehicle on the 23rd of october . 16 days late and they came and got the vehicle , give me a break !! What lien holder does this. Usually you have to be 2 to 3 months late before any lein holder wikl get the vehicle back . Not this company . They do not care about the individula they care about money
When I tried to redeem my vehicle Credit Acceptance could not tell me where the vehicle was being kept nor could they tell me if I paid the money to have it returned , that it would be back in a timely manner etc..
This comapny is Clearly a Credit Vulchure and thoise who have been ripped off by them I feel your pain
I am asking everyone on here If your are as sick of this company as I am wirte the Attroney General's Office of Michigan . Flood his office with comlaints and demand that thi9s company be investigated and shut down before this keeps happening to good peaople like us
His address
Mike Cox
Attorney General
State of Michigan
Department of Attorney General
P.O Box 30213
Lansing Michigan 48909
Jc
Valparaiso, Florida
U.S.A.
6 Updates & Rebuttals
Cece
DETROIT,Michigan,
U.S.A.
JUST A NOTE
#7UPDATE Employee
Fri, June 12, 2009
THERE IS NO RULE STATING THAT A FINANCE COMPANY HAS TO WAIT 3 MONTHS TO PICK UP YOUR CAR ... STOP LISTENING TO PEOPLE .. THAT IS NORMALLY A COURTESY THAT A COMPANY OFFERS .......
Msladye
Antioch,Tennessee,
U.S.A.
This is a joke right...
#7Consumer Comment
Thu, May 14, 2009
As I was reading a lot of very good info regarding Credit Acceptance I came across this one and was thoroughly confused. When u take out a loan on ANYTHING you are agreeing to pay it back at the time agreed upon and if it happens to be a car then you are agreeing to give it back if you don't keep your end of the deal. How can you possibly say that this company did something wrong by giving you 16 whole ADDITIONAL days to make your pmt before coming to repo the car. Yes it is true most lenders don't repo a car until it is 90 days late however, this is not REQUIRED nor should anyone EXPECT this to happen especially when you haven't established any type of pmt history with them yet and like the previous rebuttal stated this is called 1st pmt default which for one is pretty much standard with any company and secondly, if you can't afford even your first pmt then you probably need to be on the bus.
Now I don't know anyone else's situation, but I am in a similar boat (credit not the best) therefore I feel I am able to comment on this empathetically so please don't take this as a put down, but it is consumers such as yourself that make others think that poor credit = stupidity. Like I said, I am in a similar situation with my credit but I know that anytime someone extends any credit to me I need to get those pmts made on time so that I can dig myself out of this hole instead of making the same mistakes which will help me dig my hole even deeper.
Dave
WR,Wisconsin,
U.S.A.
I agree
#7Consumer Comment
Sat, April 18, 2009
This was a first payment default. I'm sure if you look at your contract it doesn't say anything about the lender waiting 2-3 months before they repo the vehicle.
Flynrider
Phoeix,Arizona,
U.S.A.
Oh, come on!
#7Consumer Comment
Thu, April 16, 2009
You couldn't even manage to make the first payment on time? That's quite a first impression! If I were your lender, that would make me plenty nervous about my investment and about your ability to complete your financial commitment.
Credit Acceptance is a high risk lender, which means you probably didn't have very good credit before you borrowed the money for this car. They are not going to screw around with folks who think (wrongly) that they can skate for "2 to 3 months" before repossesion. You need to quit whining and get your financial priorities straight.
Flynrider
Phoeix,Arizona,
U.S.A.
Oh, come on!
#7Consumer Comment
Thu, April 16, 2009
You couldn't even manage to make the first payment on time? That's quite a first impression! If I were your lender, that would make me plenty nervous about my investment and about your ability to complete your financial commitment.
Credit Acceptance is a high risk lender, which means you probably didn't have very good credit before you borrowed the money for this car. They are not going to screw around with folks who think (wrongly) that they can skate for "2 to 3 months" before repossesion. You need to quit whining and get your financial priorities straight.
Flynrider
Phoeix,Arizona,
U.S.A.
Oh, come on!
#7Consumer Comment
Thu, April 16, 2009
You couldn't even manage to make the first payment on time? That's quite a first impression! If I were your lender, that would make me plenty nervous about my investment and about your ability to complete your financial commitment.
Credit Acceptance is a high risk lender, which means you probably didn't have very good credit before you borrowed the money for this car. They are not going to screw around with folks who think (wrongly) that they can skate for "2 to 3 months" before repossesion. You need to quit whining and get your financial priorities straight.