Consumer complaint received 2025-08-15 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: CREDIT ACCEPTANCE CORPORATION
State: MI

Complaint narrative:
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, MI XXXX Date : XX/XX/XXXX Credit Acceptance Corporation XXXX XXXX XXXX XXXX MI XXXX CC : XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX MI XXXX Subject : Formal Notice of Contract Rescission Retail Installment Sales Agreement Dear Credit Acceptance and XXXX XXXX XXXX XXXX XXXX am providing formal written notice that I am rescinding the Retail Installment Sales Agreement dated XX/XX/XXXX for the following vehicle : Year/Make/Model : XXXXXXXX XXXX XXXX XXXX XXXX VIN XXXX XXXX Mileage at Sale : XXXX Account Number : XXXX This rescission is made pursuant to Michigan law and applicable consumer protection statutes due to material misrepresentation and falsification of the contract by the selling dealership. Specifically : 1. The contract falsely lists a trade-in vehicle XXXX XXXX XXXX XXXX I never owned or traded.

2. The contract inaccurately states I made a {$2300.00} cash down payment, when in fact I paid {$3700.00}.

3. Additionally, the contract falsely indicates that I received the vehicle in XX/XX/XXXX, when in fact I received the vehicle on XX/XX/XXXX. 

These false entries are material to the terms of the agreement, constitute fraudulent misrepresentation, and render the contract voidable. 

XXXX XXXX XXXX : MCL XXXX Buyer may revoke acceptance if nonconformity substantially impairs value and was not disclosed at purchase. 
XXXX XXXXXXXX A buyer may cancel a contract upon material breach.

Michigan Common Law Fraud Fraudulent misrepresentation allows rescission where false statements are made knowingly or recklessly, relied upon by the buyer, and result in harm. 
FTC Holder Rule ( 16 CFR 433 ) Any holder of this consumer credit contract is subject to all claims and defenses the debtor could assert against the seller.

Demand for Immediate Action : Within 10 calendar days of receipt of this letter, I demand : 1. Immediate cancellation of the Retail Installment Sales Agreement and any associated financing obligations.

2. Full return of all funds paid to date, including the full {$3700.00} down payment and any installment payments made.

3. Removal of all related reporting from my credit files with XXXX XXXX XXXX XXXX 
4. Written confirmation of rescission and instructions for the return of the vehicle.

If I do not receive a timely and satisfactory response, I will file formal complaints with the Michigan Attorney General, the Consumer Financial Protection Bureau, the Federal Trade Commission, and pursue all available civil legal remedies.

This letter is sent via Certified Mail, Return Receipt Requested to establish proof of delivery. 

Sincerely, XXXX XXXX Would you like me to make typed versions like this for XXXX XXXX XXXX too, so everything matches in style?

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation