Credit Acceptance Corp
Dealer employee describes lender bonuses and illegal deferred down payments

I guess I am on the other side of the fence. I never financed anything there but I worked at a car lot who used their services, they had two of them and they do everything in their power, legal or illegal to get those people financed, even loan them the money for the down payments

And don! T care whether they can make the payments or not just get them financed, don! T care if they get repoed or not, the dealers and the managers make a lot of money they have front in money and back in money on down the road. So they get big bucks from c.A.C., when they sell 100 vehicles that is a pool and there is where the money starts rolling and their field rep is bogus as a three dollar bill,

They are been busted twice for making bogus side notes to the customers and trying to make them pay the money back and all this money is bogus they don! T even have a lending licenses so they get in a vehicle without almost no money and then they will do a deferred down payment and illegally hold their paperwork until they get their money, now these [people are shady

Also they are only in it for the money and a lots of it most of the vehicles quit running before the people get home in them and Credit Acceptance has a hold of them already, what is wrong with the American public and the government letting these people operate

Company: Credit Acceptance Corp
Country: USA
State: Mississippi
City: Tupelo

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