1.3K views
2 comments
stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
1.3

This company is a joke. After my girlfriend bought her car through Carmax, ACA was one of the financial institutions that she chose.

After paying for 2 years on time, I went to the site to see what the payoff amount. To my shock, we paid $9000 for a $14,000 loan. Only $2,000 was taken off the price while the rest went to interest. When I called ACA, the told me she has a daily interest rate of 8% and their was nothing they can do about it.

If we continue to pay the $380 per month they would have accrued about $25,000 plus in interest for a $14, 000 loan. The other issue is that you can pay on their website but it must be with a debit NOT credit.

Plus they charge you another fee for using it. Major scammers...use anyone else but them.

Reason of review: Problems with payment.

American Credit Acceptance Cons: Loan shark.

Location: Atlanta, Georgia

Do You Have Something To Say ?
Write a review

Comments

chat-icon

Please avoid publishing any personal information and promotional content

You will be automatically registered on our site. Username and password will be sent to you via email.
Post Comment
Guest

THANKS FOR THE LAUGHS!

In every car loan in every state, county and city in the USA, interest is paid down FIRST then principle!!! Its called "AMORTIZATION"!

When you make all the payments, all of the interest and all of the principle are paid down and you owe zero!

This is a subprime deadbeat lender and if girlfriend had not of destroyed her credit, then she would have qualified for a low interest bank loan!

Guest
reply icon Replying to comment of Guest-1163081

Ah. You must be a Carmax employee.

I am sure they took advantage of her and sent the loan to this shady company for a kickback. I say shame on both Carmax and Americredit for raping customers. But birds of a feather flock together.

One crook scratching the others back. Shame on you for laughing at someone who doesn't understand the lending business!

American Credit Acceptance Reviews

  1. 138 reviews
  2. 20 reviews
  3. 13 reviews
  4. 5 reviews
  5. 3 reviews
American Credit Acceptance reviews