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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