Credit Acceptance Company Description
In the world of Credit Acceptance Corporation (CAC), to purchase a car is not an impossible dream for problem borrowers -- just an expensive reality. Working with more than 3,000 independent and franchised automobile dealers in the US, CAC provides capital for auto loans to people with substandard credit. The company also provides other services to dealers, including payment servicing, receivables management, marketing, and service contracts. It originates more than 1.7 million loans per year; Texas is the company's largest market. Founder and chairman Donald Foss owns more than 60% of Credit Acceptance.
View the Comprehensive Company Description for Credit Acceptance
The Company Description provides a historical perspective of Credit Acceptance's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Credit Acceptance's evolution in the marketplace.
