What is the grace period for late payments?

The grace period for late payments with Credit Acceptance Corporation is not explicitly mentioned on their FAQ page. However, it is advisable to contact their customer service department directly for accurate and detailed information regarding the grace period. A grace period is typically a specified timeframe after the due date during which no late fees or penalties are charged for delayed payments. It is important to be aware of the specific terms and conditions that apply to your credit agreement with Credit Acceptance Corporation to ensure compliance and avoid any potential negative consequences associated with late payments.