American credit acceptance funding checklist 2025

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Credit Acceptance believes everyone deserves a second chance, which is why we enable dealers enrolled on our program to approve everyone, including customers with bad credit history or no credit history at all. Heres how the program works.
We believe everyone deserves a second chance, which is why we enable dealers enrolled with Credit Acceptance to approve everyone, including customers with any of the following: Bad credit history. No credit history. No minimum credit score.
On any car loan, you need full covereage with the lienholder on it. The people that loan you money, want to make sure they get paid when you total it. Its not just a CarMax thing.
However, ing to a class action lawsuit against the company, ACA failed to comply with California lending laws. Plaintiffs claim ACA violated Californias Rees-Levering Automotive Sales Finance Act with insufficient written notices.
Struggling To Afford Your Car Payment? Number of Missed PaymentsConsequence 3rd Payment Missed Additional late fees, severe drop in credit score, risk of repossession increases. 4th Payment Missed Additional late fees, credit score continues to drop, repossession is likely.3 more rows Jan 15, 2025
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Proof of residence You can bring various forms of documentation, including a recent utility bill or your homes lease or mortgage agreement.
One (1) paystub reflecting YTD earnings, pay period, date generated and employer name; Contract applications which require an employment and/or paystub YTD exception will require two (2) paystubs as POI. Business Bank Statements may be considered for self-employed, contracted 1099 employees.

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