Subprime auto borrower facing vehicle repossession and debt documents beside a dealership finance system representing the Credit Acceptance settlement

When the Loan Expects You to Fail: Subprime Debt Trap

A $700 million multistate settlement puts Credit Acceptance’s subprime auto lending model under scrutiny, including allegations involving unaffordable loans, inflated vehicle prices, add-ons and repossessions. The company settled without admitting fault.