Credit Acceptance
Highly Engaged Employees
Highly Engaged EmployeesBanking · Michigan, United States · 1K - 5K Employees
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Overview
Headquarters
25505 W 12 Mile Rd, Southfield, Michigan...Phone Number
(800) 729-7633Website
www.creditacceptance.comRevenue
$2.3 BillionStock Symbol
CACCIndustry
ZI Rank: 11
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
9
9
8
11
14
11
About Credit Acceptance
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company serves independent and franchised automobile dealers. Credit Acceptance Corporation was incorporated and headquartered in Southfield, Michigan.Explore more
Credit Acceptance Org Chart
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Revenue
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Founded In
$312.5M
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$249.6M
1978
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Kelechi OgbunamiriPresident, Covered Holdings & Chief Investment Officer, Hankey Group
Company Profile Activity
Activity Insights
Credit Acceptance is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
Credit Acceptance is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Credit Acceptance.
Credit Acceptance financials insights
Gather financial insights about Credit Acceptance, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2016
Debt
$385M
2020
Debt
$600M
2021
Debt
$100M
Debt
$500M
2022
Debt
$389.9M
Debt
$200M
2026
Debt
$600M
Credit Acceptance Tech Stack
A closer look at the technologies used by Credit Acceptance
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Most Recent Scoops
New Hire
Executive Move
Executive Moves, New Hire
Person-Based
Jay Brinkley Treasurer, noting strong investor demand and the lowest credit spreads since late 2021.
Finance, Financing & Debt, Investor Relations
Person-Based
Share Placement, Finance
Open Position
Lateral Move
Executive Move
Executive Moves, Lateral Move
Credit Acceptance News & Media
Credit Acceptance reaches deal offering debt relief over car loans - Detroit Free Press
Settlement with Credit Acceptance Corporation offers debt relief to drivers with risky loans, following push by New York Attorney General and others.Rokita Secures $34.7 Million Auto Lending Settlement - Clinton County Daily News
Attorney General Todd Rokita announced today that his office has secured a multistate settlement with Credit Acceptance Corporation (CAC) that will deliver nearly $34.7 million in cash and debt relief to Hoosier consumers and the State of Indiana. The settlement resolves allegations that CAC originated car loans consumers could not reasonably afford and failed to
Read more news
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Frequently Asked Questions Regarding Credit Acceptance
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Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It... Read More
