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 Arkansas

My - - - is financed through Credit Acceptance where I am the cosigner as I had to get my --year-old father to sign as principal after finding out I am the principal on my son 's - - truck I cosigned a few years earlier. This was done without my knowledge or approval ; I mean I will cosign for my kids but NEVER the principal signee but that 's another story. Since - of - after being contacted by my Dad that he was forced to make - payments on this account to keep it current. At the time, I had missed - - - payment & another one was n't due until the - of - -. Okay, thanks Dad, paid him back & set up my automatic payment again. Credit Acceptance took another payment in - so it was really ahead, then - in - on the - & then the -. I called in - as I 'm a - & can not afford their mistakes. They blamed this on having - separate accounts set up even though they both came for the same & original bank account. I received a call on - -,


authorizing this. I also made sure all my info was correct as my father 's diagnosis of familiar - - - was confirmed & wanted to be sure they had everything accurate. I stupidly enough thought all was well until Sunday evening, - -, - ; when the repossession man was at my door to get the - in the garage. Thinking everything was just a misunderstanding, I let them take it as I was also under the impression I had no other choice ... this money was just sitting in my bank account so it was no problem getting it caught up once Credit Acceptance was opened on Monday morning but, this came with a $330.00 loss I am told is my fault for not making sure the payments were actually drafted. I 'm thinking, - more payments & they know the principal signee has - - who was also NEVER contacted. This seems like a scam to me!

Credit Acceptance Corporation customer in Arkansas
Jul 22, 2015

* Source: CFPB Complaint Database

Credit Acceptance Corporation response to complaint:
Closed with monetary relief

Get Help

Get personal financial help today. Free tools, resources, and support you need.

Help Me

File a complaint

Submit a complaint with the Consumer Financial Protection Bureau today

File Complaint

Stop Phone Calls

Stop the phone calls, learn how to stop harassing phone calls

Stop Calls

Loading similar complaints

{{x.COMPANY}} {{x.ISSUE}} {{X.SUB_ISSUE}}

{{x.COMPLAINT_WHAT_HAPPENED | preview}}...

Read more