CACC

Credit Acceptance Corporation is a specialty finance company that provides automobile loans to consumers with limited credit history or past credit problems. Headquartered in Southfield, Michigan, Credit Acceptance partners with automotive dealers across the United States to enable vehicle sales to buyers who typically cannot obtain conventional financing. The company's business model involves purchasing retail installment contracts from dealers at a discount, assuming the credit risk while providing dealers with immediate payment. Credit Acceptance employs sophisticated proprietary scoring models and analytics to evaluate credit applications and structure loan terms appropriate to individual borrower risk profiles. The company services its own loan portfolio, managing collections and customer relationships throughout the loan lifecycle. Credit Acceptance works with thousands of dealer partners, primarily serving the used car market where subprime buyers represent a substantial segment. The company has refined its underwriting methodology over decades of operating history, utilizing detailed performance data to continuously improve predictive accuracy. Credit Acceptance generates revenue through finance charges and fees on its loan portfolio, while managing credit losses through careful underwriting and proactive servicing. The company employs over 1,600 people and has financed millions of vehicle purchases since its founding.