Credit Acceptance
Repossessed twice over misapplied payments and added fees

I purchased my car in June, and in November of 2003 they repossessed my car and said that all of my payments had been applied to another account number. I ended up paying $1300.00 to get my car back. Then they finally fixed my payment issue and added like an extra $2,000.00 worth of fees onto my balance. I still didn't understand. Well, I continued to make payments, and they wanted me to pay an extra $300.00 to cover the fees on top of a $484.00 car note. Ridiculous.

Then in July they repossessed my car again because the fees weren't getting paid, just the monthly payments. Now the balance is $4,017.00 and they said I need $2600.00 to get it back. Well, all they are going to do is keep adding fees, the car is only financed for 3 years, and I will never pay it off. I have decided to just file Chapter 13 and get it back and be through with them because of everything they put me through, and I can't afford to keep losing money with them. This way, I will not have to deal with them anymore. I am so upset that a finance company will take you through all these illegal charges to get your money. PLEASE DO NOT FINANCE A CAR WITH THEM!!! Every story that I have read in these reports is true; they are not a good finance company and will find ways to take your money and get your car. I hope they go bankrupt!

Company: Credit Acceptance
Country: USA
State: Michigan
City: Southfield
Address: 25505 West 12 Mile Road
Phone: 8006341506

  <     >