Credit Acceptance Corporation Consumer Loan Complaint

Vehicle loan Managing the loan or lease

Credit Acceptance Corporation Consumer Loan department,

Vehicle loan Managing the loan or lease Oklahoma

My husband I obtained an auto loan through this company and kept the account current. On or about - -, 2016 the vehicle was involved in a fire and was deemed a total loss. At this time the auto loan had a balance of $7300.00 My primary insurance issued a payment on or about - - in the amount of $3900.00. Gap insurance issued a payment on or about - - in the amount of $2900.00. Afterwards, I had made several attempts to set up payment arrangements that were satisfactory to - parties ; unfortunately they were unable to accommodate a payment plan without issuing a derogatory mark on my credit report. When I called to today, - -, 2016, to pay the full balance they informed me that they reported that my payments were - days past due. I stated that it has only been - days since they received a payment and I believe that there is 30 days to make a payment since the last payment, so if anything I would be - days past due. I paid the balance in full in an effort to minimize the impact that this account will have on my credit report.

Credit Acceptance Corporation customer in Oklahoma
May 20, 2016

* Source: CFPB Complaint Database

Credit Acceptance Corporation response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Credit Acceptance CorporationComplaint HistoryComplaints10/201212/20124/20135/20138/20139/201310/201311/201312/20132/20143/20144/20145/20146/20148/20149/201410/201411/201412/20141/20152/20153/20154/20155/20156/20157/20158/20159/201511/201512/20151/20162/20163/20164/20165/20166/20168/201610/201611/201612/20161/20172/20174/201702468Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Credit Acceptance CorporationManaging the loan or lease87.2%6.4%6.4%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageManaging the loan or lease0.3%8.4%1.4%0.5%1.9%9.2%76.9%1.4%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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