I also had car financed through Credit Acceptance in 2001. One month after purchasing the car it needed a timing chain. This was covered by the warranty at the time. But soon after the warranty expired the whole car started to fall apart.
After paying repair bills to keep the car running I didn't have nothing left for the car payment. So after a being behind a couple of months I asked them to come get the car, they said they didn't want the car just their money. I told them I didn't have the money so therefor come and get your car; that never took place.
I eventually had to stop paying for the car altogether because had to get another car. I started receiving collection notices from Credit Acceptance towards the end of 2005 for the balance owed on the vehicle which was around $2,600. I contacted them to make payment arrangements on the outstanding balance not one, not twice, not just three times but in all nine times.
The last person I spoke with told me that I need to make a four hundred down payment and they would accept two hundred a month to pay it off. I told them I didn't have that type of money and offered $100.00 down and $50 per month she told me that they are unwilling to accept that, I then suggested again to come and get the car. Anyways they ended taking me to court for double the amount owed and the original cost of the car.
Carol
Detroit, Michigan
U.S.A.
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