NASDAQ, CACC - Credit Acceptance
Since 1972, Credit Acceptance (referred to as the ?Company?, ?Credit
Acceptance?, ?we?, ?our? or ?us?) has provided auto loans to consumers,
regardless of their credit history. Our product is offered through a nationwide
network of automobile dealers who benefit from sales of vehicles to consumers
who otherwise could not obtain financing; from repeat and referral sales
generated by these same customers; and from sales to customers responding to
advertisements for our product, but who actually end up qualifying for
traditional financing.
Without our product, consumers are often unable to purchase a vehicle or they
purchase an unreliable one and are not provided the opportunity to improve their
credit standing. As we report to the three national credit reporting agencies, a
significant number of our consumers improve their lives by improving their
credit score and move on to more traditional sources of financing. ...
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