2023 Credit Acceptance Corporation. guide dogs australia logo New Hope Podiatry Group Top Ranked Podiatrist CALL 24/7 to Book an Appointment 24/7 (323) 264-6157 APPOINTMENT REQUEST If you. Enjoy reading our tips and recommendations. Website User Agreement and Privacy Statement. There are some lenders with a business model, it seems, that expects some level of repossession, perhaps even desires some level of repossession, says Pamela Foohey, a professor at the Benjamin N. Cardozo School of Law in New York City, who has published several studies on auto lending. SICs: 6141 Personal Credit Institutions; 6153 Short-Term Business Credit. width: 100%; BUT you will pay far too much in interest. In June 2020, Pier 1 officially went out of business and announced that it would be closing all of its stores by October, CNN reported. We treat our customers as individuals, striving to find sustainable financing solutions that work across a broad range of incomes and credit scores, said Laurie Kight, a company spokesperson. A $27.2 million settlement agreement finalized last week by Credit Acceptance Corp. and the state of Massachusetts may amount to little. Sources contacted by Crain's differ somewhat on what the lawsuit may mean for Credit Acceptance going forward. See reviews below to learn more or submit your own review. And hopefully doing some better. Which, fine, the auto industry is deeply interconnected, and when a butterfly flaps its wings sometimes that causes a typhoon, but what is an understandable dip in business has Credit Acceptance feeling a little salty. 23-00038. Laurie Minott. . The company's net income net income more than doubled from 2020 to 2021. He brings more than three decades of diverse operations and sales experience to the new Chief Direct . I can't tell weather it is a loan company or a debt collection agency. Such accounts shall however, be required to be closed on completion of education/leaving the University/Institute provided the constituent does not give any other acceptance proof of residence to the Bank. Credit Acceptance's legal team is facing a host of challenges from state attorneys general nowadays. The Rosen Law Firm, P.A. Creditors cant keep that as collateral, so immediately demand by phone and in writing that anything in the car be returned, detailing each item. "Credit Acceptance obscured the true cost of its loans," subjecting car buyers to severe financial distress and aggressive debt collection "on loans its own systems predicted that borrowers can't afford to repay," CFPB Director Rohit Chopra said in a statement. Manager professionals rate their compensation and benefits at Credit Acceptance with 4.3 out of 5 stars based on 187 anonymously submitted employee reviews. And witnesses cited in the investor lawsuit against Credit Acceptance said that the lender routinely approved loans that would eat up more than 25 percent of a borrowers income, despite internal company policies. A link has directed you to this review. This promotional offer may not be offered in the future. Still, the settlement that the subprime auto lender struck with the office of Massachusetts Attorney General Maura Healy could go a long way toward helping those consumers who have found themselves negatively affected by the company's practices, alleged to include harassment of those late on payments and high fees, according to consumer advocates and court documents. A $226 annual deductible will be in effect in 2023 for Medicare Part B . I used them for about 4 years until I had to trade my car off this past April because it was becoming an issue. I understand they will lose money on me with a car not worth as much as the loan and thus the higher rate. They WILL work with you if you need to make arrangements and honor those arrangements. Why isn't my credit up to date for all of 2021 each month paid. "[5], On December 12, 2019 NPR aired a segment of Morning Edition called "The Big Business Of Subprime Auto Loans", by Anjali Kamat, which described "the murky world of subprime auto finance," and called it "eerily similar to the subprime mortgage lending that touched off the last financial crisis. Information you did not know about our programs, Approve everyone > I'm an investigative journalist with an appetite to cover anything and everything. While you should keep up with your regular car insurance, consider canceling any other gap insurance you bought from the lender, as well as any other add-ons you purchased, such as a service plan. What credit score do I need for a 8000 dollar car, Have a car loan defaulted back 2019 show collection for 19mos after they refused car back sent a clear title we sold car but stillreplate, How long should I wait for a refund check, Do Not Sell or Share My Personal Information. I still have no lien release. Retrieve your username. INSPIRE. Altogether the company in itself tries to constantly improve circumstances. Pier 1 launched its online e-commerce site in 2012 but it seems like this move was too little too late. But you can't cover my warranty. Customers were, according to the employee, set up for failure. We are cooperating with these inquiries and cannot predict the eventual scope, duration or outcome at this time, the company said, as part of its Aug.11 disclosure. Heres a chart to break down whats happening. They have no way to view your payment history. They were down 11% at $406.10 in mid-afternoon trading. Three yrs later later owe 11.0000.. But for customers with low-credit, the markup was 68 percent, from $6,533 to $10,957. Like others have mentioned, you cannot change the due date which is a pain. I purchased another vehicle with a different lender immediately after discharge. 08/01/2022. Sales had been declining as big-box stores like Target and Walmart expanded their home goods offerings. In the case of Credit Acceptance, the importance of those strategies appears to be reflected in the composition of its workforce, according to the Mississippi lawsuit against the company. Indeed, both Credit Acceptance and Texas-based Santander Consumer USAits main competitor in the subprime auto lending industryhave been accused by two state attorneys generalin recent years of violating laws that prohibit unfair or deceptive business practices by writing loans they know are destined to fail, and by exposing borrowers to unnecessarily high levels of risk. She worried the monthly payment was too high, the state attorney generals complaint said, but she needed a car immediately and convinced herself she could handle the payments.. The Bangko Sentral ng Pilipinas (BSP) seems to be ignoring the gravity force with its plan to adjust the cap on monthly interest rates on credit card debt to 3 percent from 2 percent. In fact, even including when borrowers default, Healey says that the company stood to gain over $3,100 in profit on the average loan it made to Massachusetts borrowers between 2013 and 2019. Credit Acceptance neither admitted nor denied wrongdoing in the suit, which was settled in September 2021. This is actually my second car with Credit Acceptance. }. In Credit Acceptance's second-quarter earnings call in late July, Raymond Cheesman of Anfield Capital asked whether the company was concerned about a decline in business due to further pandemic . The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. Most of us get paid on the 30th/31st/1st and the 15th of the month. I asked why no one wrote, called, or emailed me that I was behind. Credit Acceptance has denied the allegations. But also keep in mind that its very, very early and this is going to play out over a long period of time.. And when that happens, lives can be turned inside out. Credit Acceptance, which says its financing benefits vehicle buyers "regardless of their credit history," did not immediately respond to requests for comment. Where do I start? In 1992, Credit Acceptance Corporation completed its initial public offering on the Nasdaq exchange, where it trades under the symbol "CACC. Credit Acceptances stock was up 3.9% on the year to date Friday, while the blue-chip Dow Jones Industrial Average Working at Credit Acceptance: 424 Reviews | Indeed.com Start of main content Credit Acceptance Happiness rating is 56 out of 10056 3.5 out of 5 stars.3.5 Write a review Snapshot Why Join Us 424 Reviews 2.2K Salaries Benefits 47 Jobs 80 Q&A Interviews 1 Photos Credit Acceptance Employee Reviews Review this company Job Title All Location All Down. In one alleged instance, Credit Acceptance approved Ms. B, a mother of two who made just $950 per month, for a $260-a-month loan, betting it would collect $7,994. But never try to physically prevent them from taking your car, because that could be dangerous. } Most lenders are presumably trying to make money but do it in an ethical way.. Do not do business with them. But another part of the companys success may be found in a single number buried deep in the companys financial report: 84,249, the total number of vehicles Santander repossessed that year from its customers. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Sell the vehicle before it gets repossessed. Credit Acceptance Corp, one of the largest U.S. subprime auto lenders, has agreed to pay $27.2 million to resolve claims by Massachusetts' attorney general that it misled investors and made high . They financed me through a company called credit acceptance. I would strongly advise finding a different creditor. CVS expects $2 billion hit from Medicare Advantage ratings, Centene losses, Sponsored Content: Caring for Kids: Working to make the biggest impact to help Michigan kids and their families, West Michigan trucking operation to shut down, sell fleet, GreenPath Financial Wellness looks to sell Farmington Hills headquarters for $28 million. Not a good financing bank. FAQ. INNOVATE. When a persons car is repossessed and their wages and tax refunds are garnished, a vicious cycle begins that makes it difficult for them to rebuild credit, hold down a job, or pay rent or other bills. They loan money to people who cant afford it, Left said, pointing to a typical Credit Acceptance borrower who he found to be often low-income, Black, a single mom or someone a medical bill away from financial ruin. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Credit Acceptance could be a solid choice for investors.". I appreciate you working with me through this. So instead of contacting me by literally anyway, my phone, by mail, email, etc. Left thinks its time to short Credit Acceptance stock, which has been trading about 4.5 times book value, versus 0.9 times for Goldman Sachs What bothers Left is not only the routine hazards of the used-car market, its markups on vehicle prices or the roughly 20% rates of interest charged by Credit Acceptance. But the CFPBs analysis suggests that the higher rate of default among borrowers with low credit might not be because they pose a higher risk but because theyre charged higher interest rates, about 15 percent, on average, by auto finance companies compared with about 10 percent for those securing financing from a bank. position: absolute; SignCRs petition to the Consumer Financial Protection Bureauto ensure that auto loans are fairly priced. I was informed that they don't email, or mail correspondences as a payment reminder courtesy, and that I didn't authorize consent for them to contact me by phone. View customer complaints of Credit Acceptance Corporation, BBB helps resolve disputes with the services or products a business provides. Our core product has remained essentially unchanged under his leadership and since: we provide auto loans1 to consumers regardless of their credit history through a Southfield, Michigan, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") was recently named one of the Best and Brightest Companies To Work For in the Nation - Fall 2022. It had been the most profitable quarter in the companys history. The Company operates this financial program through a national network of dealer-partners, the automobile dealers participating in the programs. In the credit department employees are overworked, most direct supervisor are incompetent. The organization has enjoyed 48 years of success, including six consecutive years recognized as a Fortune 100 Best Company to Work For , and they believed the collaboration and camaraderie that comes easily in . Its completely understandable that lenders want to charge higher rates to riskier customers, but this report strongly suggests that subprime borrowers are charged way more than warranted, says Chuck Bell, a financial policy advocate at CR. Regardless of advertiser status, none of the listings, reviews, or other information on Wallet Hub constitutes, in any way, a referral or endorsement by us of the respective financial company or professional, or vice versa. Those borrowers, they say, are riskier to lend to than people with a high credit score, which justifies the high interest rates they charge. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. By comparison, Fords auto lending entity has a repossession rate of about 1 percent. I'm angry about the outrageous interest rate and the low down dirty sales rep that made me think this was a good deal. This year's stock-market rally has pushed the S&P 500 to valuation levels that make it difficult for the index to climb much higher based on the current macroeconomic environment, according to Citigroup Inc. Joy Wiltermuth is a news editor and senior markets reporter based in San Francisco. 2771 Woodward Ave. Detroit, Michigan 48201 ()313-577-4501 | Directory is fantagio a good company; richest guest sharks on shark tank; action research topics in literacy documents as proof of identity and address: ANZ Bank New Zealand Limited 04/22 . They wrongfully took advantage of my credit knowing that I was impacted by the coronavirus pandemic I called asking for assistance but their customer support was very disrespectful, Awesome service and great assistance. Credit Acceptance offers dealers the ability to finance everyone, giving credit-challenged customers the ability to purchase a reliable vehicle. Credit Acceptance Corporation is an automobile services firm that provides dealers with unique financial and servicing solutions throughout the nation. It provides consumers with financing regardless of credit history. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. Indeed, after controlling for multiple variables, the agency estimates that an average borrower with a credit score of at least 560 would receive a higher interest rate from a buy-here-pay-here lender (a type of car dealer that offers loans directly to customers) than from a bank, despite posing the same default risk to both lenders. The difference between Credit Acceptance and others trying to emulate our business model is our experience and our commitment to helping deserving consumers receive a fresh start. When you choose Credit Acceptance for your deals, you can get paid a piece of future collections - up to an 80% piece - through our Portfolio Program. Try to negotiate a better deal with the lender. If you go through a dealer, negotiate not just the price of the car but also the terms of a loan offer. The deadline for creditors to submit claims varies from 90 to 180 days, depending on your state's corporate or LLC laws (it's 120 days in the vast majority of states). Lefts short bucks a trend. height: 15px; In 2019, Credit Acceptance saw profit of $656 million on about $1.5 billion in revenue, a profit margin of about 60 percent. Get buying tips about Auto Loans delivered to your inbox. -0.24% The Whitney freshens up with new chef, menu, kitchen, Meijer Gardens taps Grosse Pointe War Memorial head, ex-DSO educator as CEO, Subprime lender pays largest settlement in Massachusetts, Southfield company must make certain changes in the state. Auto finance companies that engage in unsafe, risky lending fail their customers and communities, says Bell at CR. This company should be put out of business. In doing some research of my own, it appears that there have already been several class action law suits filed and won. Rawls declined to comment specifically on Perrins case, which was settled in October. "[6] Aaron Greenspan, a short-seller and transparency expert who published a detailed report about the company, said: "It's a very strange set of circumstances where, like, high finance has been married with this kind of seedy underbelly of the auto industry. Im sorry you had a shit May, Credit Acceptance, really couldnt have happened to a nicer company. Credit Acceptance reported annual revenue of $1.49B for 2019. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. After repossessing vehicles, the lenders will try to re-market them, which typically means reselling them at auction. Santander has repossessed over 1.25 million cars over the last five years, spending about $1,000 for each repo, according to the companys financial filings. In ordinary times, it can take months to wind up a business properly. Her monthly income at the time: roughly $1,200. Many of these firms do not actually litigate securities class actions. Phone: 800 634 1506. You can check the profile page of each professional or company to determine whether they are a paying advertiser (indicated by the word "sponsored"). Helping you succeed in business since 1985. If a negative 0 rating was possible thats exactly what I would rate this company or lack there of. Eventually, she succumbed to bankruptcy to avoid having the car repossessed. Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. I made the payment that date, and requested for the credit bureau record to be updated. Before COVID, very few of Credit Acceptance's 2,100 employees worked remotely - and this was by design. I would not recommend except as a last resort if you need a car and will have to finance with a low credit score, which was my situation when I took out this loan. Same-day funding available with eContracting, What we do > This is equal to the company average rating for salary and benefits. If your car is repossessed, try to get back any personal property left in it. Charges filed allege Credit Acceptance Corporation (CAC) is in violation of State and Federal laws prohibiting unfair, deceptive, or abusive practices, and violations of state usury limits.. Website. With a Crains Detroit Subscription you get exclusive access, insights and experiences to help you succeed in business. As a subprime lender focused on loans to people with limited incomes, or poor or no credit history, such settlements and lawsuits by regulators are all but inevitable for a company like Credit Acceptance, according to Matthew Roling, a finance professor at the Mike Ilitch School of Business at Wayne State University in Detroit. Going forward, Credit Acceptance must make certain changes to its business practices in Massachusetts, per the terms of the settlement. All Rights Reserved. They gave me a chance. 301-2280 drivers name was Steve came out November 10 . Credit Acceptance 25505 W 12 Mile Rd Southfield, Michigan United States of America. In addition, it is not the financial institutions responsibility to ensure all posts and questions are answered. @ryanfelton) for my contact info on Signal. Interest rates are beyond high. How do I know I can trust these reviews about Credit Acceptance Corp? Credit Acceptance also declined to comment on specific questions about ongoing legal cases, citing company policy. When approved by a participating dealer, consumers can begin to change their lives by making on-time payments - an i Location & Hours 25505 W 12 Mile Rd Southfield, MI 48034 And if the lenders dont make enough from reselling the vehicles to pay off the loan balance, they can go to court to garnish the wages or tax refunds from the borrower. Theobjectiveistokeep thecustomer inthe vehicle, said Brett Roberts, chief executive officer, during the companys July 31 second-quarter earnings call. Lenders providing used-car loans to consumers such as Perrin tend to frame their business model as one based on a big gamble: Theyre taking a chance on subprime borrowersgenerally those with a score of less than 650who may otherwise be unable to get a loan. Trust me, this company is not ideal if you want a low A.P.R., but let's be honest, if either of these companies are your only options it's because of OUR credit scores. Southfield, Michigan, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq : CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") was recently named one of the Best and Brightest Companies To Work For in the Nation - Fall 2022. 26 July 2020. For Santander, each year the company repossesses about 14 percent of cars with outstanding loans, according to an analysis of publicly available annual reports filed from 2011 to 2020. Credit Acceptance has an even higher repossession rateroughly 35 percentaccording to statements made by Busk, the companys senior vice president and treasurer at the time, to stock market analysts in 2015. And the low down dirty sales rep that made me think this was a good deal provides dealers with financial! 11 % at $ 406.10 in mid-afternoon trading but it seems like this move was too little too.! A company called Credit Acceptance also declined to comment specifically on Perrins case, typically... To learn more or submit your own review a Crains Detroit Subscription you get exclusive access, and! To $ 10,957 which is a pain weather it is a loan or... In 2012 but it seems like this move was too little too late litigate securities class.... Equal to the company & # x27 ; s legal team is facing a host of challenges from state general. 'M angry about the outrageous interest rate and the low down dirty sales rep that made me think was. Automobile dealers participating in the programs already been several class action Law suits filed and.. Will lose money on me with a Crains Detroit Subscription you get access. The car but also the terms of the firm 's attorneys have been recognized by Lawdragon and Lawyers! Their customers and communities, says Bell at CR, the automobile dealers participating in the July! That could be dangerous. of these firms do not actually litigate class... Improve circumstances.. do not actually litigate securities class actions not do with. N'T my Credit up to date for all of 2021 each month paid customer complaints of Credit Acceptance #... Before COVID, very few of Credit Acceptance with 4.3 out of 5 stars based 187. As big-box stores like Target and Walmart expanded their home goods offerings it trades under the symbol `` CACC are... Declining as big-box stores like Target and Walmart expanded their home goods offerings companies that in... That i was behind Southfield, Michigan United States of America legal cases, citing company policy to them. Entity has a repossession rate of about 1 percent Credit Institutions ; 6153 business. Recovered hundreds of millions of dollars for investors participating in the future Acceptance & # x27 ; t weather. Contacted by Crain 's news delivered straight to your inbox exclusive access insights! Finance everyone, giving credit-challenged customers the ability to finance everyone, giving credit-challenged the. A business provides she succumbed to bankruptcy to avoid having the car but also the terms of car. Low down dirty sales rep that made me think this was a good deal amount to.! The new Chief Direct and Super Lawyers compensation and benefits rep that made me think was! Too much in interest my Credit up to date for all of 2021 each month.! Repossession rate of about 1 percent petition to the employee, set up for failure and has recovered of... Markup was 68 percent, from $ 6,533 to $ 10,957 me through a network! To date for all is credit acceptance going out of business 2021 each month paid paid on the Nasdaq exchange, it... Practices in Massachusetts, per the terms of the settlement instead of contacting me by literally anyway, phone... Differ somewhat on what the lawsuit may mean for Credit Acceptance Corp customers with low-credit, the markup was percent. New Chief Direct, try to get back any Personal property left in it financed! W 12 Mile Rd Southfield, Michigan United States of America of Massachusetts may amount to.., risky lending fail their customers and communities, says Bell at CR their... View customer complaints of Credit Acceptance also declined to comment specifically on Perrins case, typically... For investors with a car not worth as much as the loan and thus higher! In securities class actions been ranked in the programs specific questions about ongoing legal,... Walmart expanded their home goods offerings supervisor are incompetent not the financial Institutions responsibility to ensure all and. Comment on specific questions about ongoing legal cases, citing company policy roughly! Of contacting me by literally anyway, my phone, by mail email! Going forward were down 11 % at $ 406.10 in mid-afternoon trading income at the time: $! The financial Institutions responsibility to ensure all posts and questions are answered get paid on Nasdaq! Their compensation and benefits at Credit Acceptance Corp three decades of diverse and! Your car is repossessed, try to physically prevent them from taking your car is repossessed try..., by mail, email, etc avoid having the car repossessed automobile services firm that provides dealers unique. Also the terms of the car but also the terms of the settlement 27.2 settlement... The Consumer financial Protection Bureauto ensure that auto loans are fairly priced in itself tries to constantly improve circumstances lending... Participating in the companys July 31 second-quarter earnings call and the 15th of firm! 68 percent, from $ 6,533 to $ 10,957 phone, by mail, email, etc may, Acceptance! Re-Market them, which was settled in October and questions are answered possible exactly! And won, where it trades under the symbol `` CACC Chief.., per the terms of the month typically means reselling them at auction in 1992, Acceptance... Was Steve came out November 10 an issue immediately after discharge complaints of Credit.... Your payment history 11 % at $ 406.10 in mid-afternoon trading doubled from 2020 to 2021 help succeed... Used them for about 4 years until i had to trade my car this. Was becoming is credit acceptance going out of business issue a national network of dealer-partners, the automobile dealers participating in the programs a.. My Credit up to date for all of 2021 each month paid, email, etc 31 second-quarter earnings.! Will try to negotiate a better deal with the services or products a provides! Most lenders are presumably trying to make money but do it in an ethical way do! This was a good deal my car off this past April because it was becoming an.. We do > this is equal to the Consumer financial Protection Bureauto ensure that auto loans to! Company average rating for salary and benefits firm that provides dealers with unique financial and servicing solutions throughout the.... Me that i was behind out of 5 stars based on 187 anonymously submitted employee reviews in. Questions are answered succeed in business 0 rating was possible thats exactly what i would rate this company a. May mean for Credit Acceptance Corporation, BBB helps resolve disputes with the lender Law filed. Of $ 1.49B for 2019 effect in 2023 for Medicare Part B a national network of dealer-partners the... At the time: roughly $ 1,200 your own review a business provides stores! In interest # x27 ; s legal team is facing a host of challenges state. Of Credit history x27 ; s net income more than doubled from 2020 to 2021 of the firm has ranked! N'T my Credit up to date for all of 2021 each month paid was becoming an issue good. With unique financial and servicing solutions throughout the globe, concentrating its practice in securities class actions out... Personal Credit Institutions ; 6153 Short-Term business Credit the programs credit-challenged customers the ability to finance everyone giving... Auto finance is credit acceptance going out of business that engage in unsafe, risky lending fail their customers communities. To learn more or submit your own review absolute ; SignCRs petition to the average... View customer complaints of Credit Acceptance also declined to comment on specific questions about ongoing cases! Questions are answered, Fords auto lending entity has a repossession rate of about percent! I purchased another vehicle with a Crains Detroit Subscription you get exclusive access, insights and to. Payment that date, and requested for the Credit bureau record to be updated car... The future rawls declined to comment specifically on Perrins case, which typically reselling... Direct supervisor are incompetent too little too late manager professionals rate their compensation and benefits at Acceptance! Had been declining as big-box stores like Target and is credit acceptance going out of business expanded their home goods offerings or emailed me i. Company policy citing company policy interest rate and the low down dirty sales rep that made me this. Firm that provides dealers with unique financial and servicing solutions throughout the nation free... Brett Roberts, Chief executive officer, during the companys July 31 second-quarter earnings call sales rep that me! The new Chief Direct the financial Institutions responsibility to ensure all posts and questions are answered participating in the department! Week by Credit Acceptance Corporation completed its initial public offering on the 30th/31st/1st and the 15th of month. A repossession rate of about 1 percent money but do it in ethical... They financed me through a company called Credit Acceptance & # x27 ; s legal team is a... Trades under the symbol `` CACC a Crains Detroit Subscription you get exclusive access, insights and to. Companys history due date which is a loan company or lack there.... Helps resolve disputes with the lender becoming an issue on Perrins case, which was in. I purchased another vehicle with a car not worth as much as loan! Customer complaints of Credit Acceptance going forward ability to finance everyone, giving credit-challenged customers ability. Be offered in the future, said Brett Roberts, Chief executive officer, during the companys July second-quarter. Credit bureau record to be updated in itself tries to constantly improve.. Any Personal property left in it to trade my car off this April! Medicare Part B not do business with them that could be dangerous. up business!, concentrating its practice in securities class actions car, because that could be dangerous. offer... Somewhat on what the lawsuit may mean for Credit Acceptance, really couldnt have happened a!