Credit Acceptance Corporation

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Description

Credit Acceptance Corporation is engaged in offering financing programs that enable automobile dealers to sell vehicles to consumers.

The Company’s financing programs are offered through a network of automobile dealers. The Company offers two financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer Loans.

Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.

Website

http://www.creditacceptance.com

Rating GlobalNY.biz

Take place №1384 In rating New York Organizations general
Take place №72 In rating Financial services area

15 June 2022

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