Vehicle loan or lease -- Managing the loan or lease -- Complaint #7138365
Complaint Overview
Complaint ID: 7138365
Company: Credit Acceptance Corporation
Product: Vehicle loan or lease
Sub-Product: Loan
Issue: Managing the loan or lease
Sub-Issue: Billing problem
State: New York
ZIP Code: 13069
Date Received: 2023-06-19T12:00:00-05:00
Date Sent to Company: 2023-06-19T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
Credit Acceptance continually has my account showing the incorrect amount due. I owe {$820.00}. They claim the current balance due is {$1300.00}. That would me I am 2 months behind, which is incorrect. Also, they are not reporting a reduction in balance to the credit bureaus. The balance is showing -1 % paid off. That means they are pocketing my money and not applying it to my vehicle. When I request to have all communications in writing, they refuse. And provide no contact information other than a phone number.
Frequently Asked Questions
What is Complaint #7138365 about?
Complaint #7138365 was filed against Credit Acceptance Corporation regarding Vehicle loan or lease specifically about Managing the loan or lease. It was received by the CFPB on 2023-06-19T12:00:00-05:00.
How did Credit Acceptance Corporation respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Vehicle loan or lease) and describe your issue in detail.
Can I see other complaints against Credit Acceptance Corporation?
Yes, visit the Credit Acceptance Corporation company profile at readthecomplaint.com/company/credit-acceptance-corporation to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.