Universal Acceptance Corporation Consumer Loan Complaint

Vehicle loan Managing the loan or lease

Universal Acceptance Corporation Consumer Loan department,

Vehicle loan Managing the loan or lease Minnesota

I financed an auto loan with UAC/CARHOP I filed a complaint with the BBB for inaccurate information being reported to the Credit bureaus. I was contacted by corporate saying it would report in 30-60 days. I was informed that upon the completion of the investigation due to filing - disputes each time the information would reflect the update immediately. Each time the investigation showed no change. I paid the vehicle off -/-/-. UAC is reporting that the account was closed as of -/-/- and the last payment was made in -/-/-. It is against the law to report inaccurate information. Payment history as well as paying a vehicle off affects you credit life tremendously, I reaffirmed this high interest loan in order to better my credit, and the inaccurate information affects my credit life a great deal. I have filed yet another dispute, and I have n't been provided with the correspondence between UAC/CARHOP. Only letters from the credit bureaus saying no change has been made following the disputes

Universal Acceptance Corporation customer in Minnesota
Mar 07, 2017

* Source: CFPB Complaint Database

Universal Acceptance Corporation response to complaint:
Closed with non-monetary relief

Created with Highcharts 4.2.3Universal Acceptance CorporationComplaint HistoryComplaints11/201412/20142/20155/20156/20157/20153/20164/20166/20163/201700.511.522.533.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Universal Acceptance CorporationManaging the loan or lease100.0%Closed 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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