CREDIT ACCEPTANCE CORPORATION Consumer Loan Complaint

CREDIT ACCEPTANCE CORPORATION Consumer Loan department,

Vehicle loan Managing the loan or lease Michigan

I purchased a vehicle from - - and was set up with financing through


was told I was getting financed on $18000.00. If I go through full term of the loan I will be paying them over - for a vehicle that is only valued through - . at $8400.00. Now when I try to refinance the vehicle I am getting denied due to the loan amount exceeding the value of the vehicle. This is not right for a business to do to somebody who is already low income and struggling to keep his family a float.