Source: Credit Acceptance Official Website.
Background
Since 1972, Credit Acceptance Corporation (CACC) has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. With the motto "we change lives", the company's programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing. Furthermore, as Credit Acceptance reports to the three national credit reporting agencies, an important ancillary benefit of the programs is that consumers are provided with an opportunity to improve their lives