Credit Acceptance Corporation Consumer Loan Complaint

Vehicle loan Problems when you are unable to pay

Credit Acceptance Corporation Consumer loan department,

Vehicle loan Problems when you are unable to pay New York

Late - I obtained an auto loan wit Credit Acceptance Corp . I am under the impression that the principal ammount of this loan was -. I paid - down, and made monthly payments of - for 15 months. I later crashed this vehicle, and defaulted on the loan. The vehicle was returned in salvage condition. In - a judgement was entered against me in the ammount of -. My wages have since been garnished. I have paid an additional - through income execution. In - I attemted to get an update of the remaining balance, only to find that I owe in excess of -. I spoke with the sherrifs office, because they have the order in - - NY. They tell me I have to deal with the lawyer. I call the lawyer I 'm told I need to speak with Credit Acceptance Corp . I call Credit Acceptance, I 'm told,


only cost -. How is it I still owe - after having already paid -? on an - dollar loan? I feel this is Preditory, and Unconcionable. Please help. My wife and I are expecting our - child and I am the only income for our household. I can not afford to pay continual garnishment, and I feel this debt has been paid. I understand that the principal ammount does not include interest however I feel I have been victim of Preditory lending. This judgement remains on my credit report despite the number of times I have desputed it. Please help

Credit Acceptance Corporation customer in New York
Apr 03, 2015

* Source: CFPB Complaint Database

Credit Acceptance Corporation response to complaint:
Closed with explanation

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