NorthWestern Financial Review

Credit Acceptance

Credit Acceptance Overall rating: ★☆☆☆☆ 1.4 based on 9 reviews.
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Online Payday Personal Consumer Loans up to $5,000

Easy Application, Fast Processing, Quick Approval, Any Credit Score

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Credit Acceptance Corporation is an auto finance company that provides car loans and other related financial products. They cooperate with a national network of dealer-partners, the automobile dealers participating in the programs.

Company name Credit Acceptance
Founded 1990
Address 25505 West 12 Mile Road, Suite 3000, Southfield, MI 48034-8339
Website creditacceptance.com
Phone number
1-800-634-1506
Email  Unknown

Pros

  • Online application
  • Temporary income, bankruptcy and bad credit OK
  • Partner dealerships in all 50 states
  • Finances both new and used vehicles
  • Reports to all three major credit bureaus

Cons

  • Funds must be used at the specific dealership you’re connected with
  • Can’t change payment due date
  • Additional fees for many repayment methods
  • Not transparent about rates and terms, which are set by the dealership

Bottom line

Credit Acceptance is best for you if you have bad or no credit and if you have ever faced loan rejection in the past. They consider a variety of credit back-grounds but they report to all three major credit bureaus — which means mak-ing timely payments can help you improve your score.

However, the website contains no information about the potential interest rates you’ll receive,so be sure to compare options and find the best offer.

Types of loans

Credit Acceptance provides both new and used car loans. However, loan rates and terms are determined by the dealership you’re connected with.

Loan requirements

The lender doesn’t list any specific eligibility criteria. But they do men-tion that their partner dealerships work with bad credit or no credit his-tory, as well as borrowers who have a limited income or have open Chapter 7 or Chapter 13 bankruptcy.

To get approvied, be sure to provide you Social Security number, proof of in-come, proof of residence, and proof of bank account.

Category: Online Loans

Tags: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Credit Acceptance Reviews

★☆☆☆☆
This company is horrible. They offer no discounts to loyal cus-tomers who can't make payments due to being fined. Their cus-tomer service team is rude and unprofessional. I hope these criminals get what they deserve
- William Fitzgerald

★★★★★
I don't understand these negative reviews. One individual talked about being constantly called for being 2 dayw late; I have never gotten a phone call because I always make payments on time! Another complained about a high interest rate; I was working with a usual bank and its interest rate was much higher!
- Michael Duncan

★☆☆☆☆
Worst Company. They offer NO HELP!
- Guillermina Moore

★☆☆☆☆
They are harassing me for a month already and do not listen to anyone.
- Andrew Sanchez

★☆☆☆☆
Nothing good to say about this lender. I have been making my payments for over 2 years and I was late 2 days because I was sick and they called me telling they will ruin my credit if I don't make a payment within 24 hours. I don't recommend this company to anyone.
- Bruce Burke

★☆☆☆☆
This people are so senseless. No extensions, no payment plans.
- Amanda Kelly

★☆☆☆☆
Their managers are terrible people who seem to hate their job!
- Eric Weyand

★☆☆☆☆
Made a payment a few days late and they still will call every hour harassing you asking to call someone for help! The rudest company ever!
- Micheal Covert

★☆☆☆☆
Worst customer service. If you go through a difficult financial time they don't care. All they want is to take your money. Constant harassing phone calls, spam emails, rude customer service. So please do not use this company.
- Glenn Marx

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