Several States Investigating Major Company For Alleged Predatory Car Loans | NBC Nightly News

Apr 30, 2021
20 324 Views

Credit Acceptance, one of the country’s largest subprime car lenders, specializes in loans to people with tarnished credit. With nearly $2 billion in revenue last year, the company’s shares soared during the pandemic. Now Credit Acceptance is being accused of predatory lending practices. A company spokeswoman told NBC News it intends to defend itself vigorously in court.
» Subscribe to NBC News:
» Watch more NBC video:
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features,,, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App:
Breaking News Alerts:
Visit NBCNews.Com:
Find NBC News on Facebook:
Follow NBC News on Twitter:
Follow NBC News on Instagram:
#NightlyNews #NBCNews


    ezPChelpezPChelpDay ago
  • Car dealers are like shady business people

    books from Windblownbooks from Windblown5 days ago
  • Keep the lawsuits coming until they defend themselves into bankruptcy.

    SourDoughBillSourDoughBill7 days ago
    • Car dealers are like loan sharks

      books from Windblownbooks from Windblown5 days ago
    • @Jamie Theo yea, have been watching on Flixzone for years myself :D

      Marlon RaylanMarlon Raylan6 days ago
    • a tip : you can watch movies on Flixzone. I've been using them for watching loads of movies these days.

      Jamie TheoJamie Theo6 days ago
  • Most people do not understand how PREDATORY LOANS WORK....including those that speak English as a second language. Consumers pay up to FOUR times the value of the same vehicle that I could pay cash. A $10,000 car becomes $40,000 due to all the fees and damage created by this type of loan. Our company, specializes in creating a transparent car loan from the start. In the end, ask the dealership how much they are inflating the purchase price above the KBB to satisfy the lender? It is not unusual to see 200%!

    Mark BensonMark Benson7 days ago
  • Where there is one there are many.

    Tammy TaylorTammy Taylor8 days ago
  • Here in the Niagara Peninsula, last summer I got a few easy car loan advertisements in the mail.

    John WattJohn Watt8 days ago
  • I’m glad I paid them off within 4 or 5 months they definitely have crazy interest rates

    Sans the spooky scary skelotonSans the spooky scary skeloton8 days ago
  • The Predatory creditors are feasting on Covid. Beware of them. The scam is on.

    David EllisDavid Ellis8 days ago