Credit Acceptance is an American finance company offering their services in the United States. Main headquarters of company is situated in Southfield, Michigan, United States. As of 2013 records, the operating income of the Credit Acceptance was US$ 398.2 million whereas the total assets of company in that year were US$ 2.433 billion. The company mainly provides automobile loans & other finance related products. Through a wide network of dealers-partners & the automobile dealers, company operates their financial program in the United States. The company was founded by Don Foss, an American car dealer in 1972 in Southfield, Michigan, United States whereas the company was started traded under the symbol of CACC after completing its initial public offering in 1992. In 2001, the Credit Approval Processing System was launched by the company whereas in 2007, they opened West Coast Training Center in Henderson, Nevada, United States. There are two programs offers by the company to the people in the United States named as Portfolio Program & the Purchase Program. With the help of these two
programs, the company advances money to automobile dealers in exchange for the right to service the underlying consumer loans. Through this customer can buy automobile loans from the automobile dealers.
