Post by @thewokeginger

One single mother of two reportedly earned just $950 a month and was given a $260 monthly car payment. She paid $8,400 before her vehicle was repossessed. Twice. Now, Credit Acceptance has agreed to a $710 million settlement with 40 states and Washington, D.C. over allegations that it pushed borrowers with low incomes and poor credit into auto loans they could not afford. A car is how people get to work, take their kids to school, make doctor’s appointments, and buy groceries. Predatory lending is not opportunity. It is exploitation with a monthly payment. #ConsumerProtection #PredatoryLending #AutoLoans #CorporateAccountability #CarMechanictiktokcontest