Client Review on Merchants Acceptance Corporation

Feedback:

No problems at all for the life of my loan. Thanks to their monthly reporting and lifestyle changes that I made, I have a respectable credit score now, and have gone from needing a cosigner on the loan - I had a car salesman laugh at me not too long ago - to being prequalified to purchase a house. Not bad for a couple of years. Having my loan serviced by Merchants Acceptance Corporation was a step in the right direction toward getting my life on track and getting my credit score moving in the right direction. I had done stupid things with money, and a high interest rate was the price I had to pay to fix that. Sure, they made some pretty good money off of me, but they also did me a great service. Paying every penny of their profit margin was worth it to me.But for those who have a problem with them making a profit off of people like me, there is an option: Don't do business with them.But when you need to get turned around, find a company whose loans they service, and get the loan. Know that you'll spend some time paying for the value of the item you're buying, and for the value of renting money.Because that's what it is.