How a Subprime Auto Lender Consumed Detroit With Debt and Turned Its Courthouse

[tinoesroho]

How a Subprime Auto Lender Consumed Detroit With Debt and Turned Its Courthouse...

Eat. The. Rich.

Testimony from Credit Acceptance showed the company employs more than 400 collectors—about one-third of its total staff—to make calls and chase down defaulted buyers for loans. Buyers hamstrung by obviously difficult situations like Carrie Peel.

Jurors ultimately found Credit Acceptance had violated state laws in its handling of Peel’s situation, and awarded her $1.1 million in compensation. Judge Gary D. Witt, the appellate judge who wrote an opinion that later upheld the decision, was unequivocal about the lender’s actions.

[Wisconsin_Platt]

Compost the Rich!

foone (Foone)

[gadgetgirl]

Sensible.