Complaint Review: CREDIT ACCEPTANCE CORP - Internet

I am very sorry that the company would not work with you but you signed a loan with them and in this loan it specified what days you were supposed to pay them. Regardless if you lost your job or not they have a right to take back there property if you dont pay. The car is not yours until you pay them back plus interest. There is no law that i know of that says if your 30 days late on a payment that is the only time they can repo your vehicle. If your a day late they can come get the car. No offense but credit acceptance usually finances people wiht bad or no credit. And, Usually at high interest rates. Is it criminal, I think so, but not illegal. Could you not have financed with someone else?  this is what i got from my lawyer but it varies from state to state. 

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance.

But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace.

Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property.  they can however get it if it is sitting in your driveway with no fence around it. Did they open a closed fence or get into your garage. In that case you could file suit against the Repo people.

this is the law for your state:

 When buying a new vehicle, and sometimes when buying a used vehicle, a consumer often will make the purchase on credit. A buyer should remember that the creditor retains significant rights over the vehicle if the buyer does not abide by the loan agreement. If a consumer defaults on a loan, the creditor has legal authority to enter the consumer's property and seize the vehicle at any time and without prior notice to or consent of the consumer, even in the middle of the night, so long as it is done peaceably. After repossession, the creditor may keep the vehicle as compensation for the unpaid debt or resell it. In either case, the creditor must inform the consumer. The consumer has the right to demand that the vehicle be sold and that any money received from the sale beyond the amount of the debt be returned to him or her. If the vehicle is to be sold at a public auction, the consumer must be notified of the date in advance (in cases of a private sale, the consumer is notified after the sale). However the vehicle is sold, the sale must be conducted in a "commercially reasonable manner" and the price must approximate the vehicle's fair market value. Of course, the creditor also may reinstate the consumer's loan or allow the consumer to buy the vehicle back. It is especially important for the consumer to keep loan documents in a safe place, and to get in writing any agreement that allows for a change in the terms of payment.

As far as them reporting repoed everytime contact your representative for the  Deceptive Trade Practices-Consumer Protection Act and see if they can help you.

It is a shame they will not work with you but you were two weeks late with a payment. regardless of your situation that may be considered defaulting on your loan according to your state law. Contact a lawyer and the above people i hope everything works out