Credit Acceptance Corporation Consumer Loan Complaint

Credit Acceptance Corporation Consumer Loan department,

Vehicle loan Taking out the loan or lease New York

On -/-/-, I purchased a - - - for $12000.00. I was told that I had to put $2000.00 down and then only pay a balance of $10000.00. I was never told that there would be interest. I was told the monthly payments would be $330.00 per month. I signed many documents but I was not provided with a copy of any of the documents. I then received a payment booklet in the mail from Credit Acceptance - and discovered that there were 60 monthly coupons for $380.00 each ( $22000.00 ). That totaled $24000.00 ( coupons plus my $2000.00 down payment ) for a - year old vehicle with - miles on it. The car has many mechanical problems. I have no idea what interest rate that I am being charged. I never agreed to pay back a total of $22000.00. I was never provided with a copy of the Bill of Sale or Retail Instalment Obligation. I am a - - earning $950.00 net biweekly living in a rent stabilized apartment. I would have never qualified for such a loan if my true income was used. I believe the lender 's sales representative committed fraud on my application. I would have rather been denied the loan had I known I would have been saddled with interest, etc. I also learned that I financed an extended warranty as well.