Credit Acceptance

Credit Acceptance Corporation is an auto finance company founded in 1972 by Donald Foss. It specializes in providing automobile loans and financial products to consumers with less-than-perfect credit histories. The company operates through a nationwide network of dealer partners, offering financing solutions that help dealers increase sales by extending credit to credit-challenged customers. The core business revolves around two main programs: the "Portfolio Program" and the "Purchase Program." These programs enable Credit Acceptance to advance funds to automobile dealers or purchase consumer loans outright, supporting dealers with capital and loan servicing. The company focuses on enabling vehicle financing for consumers who might otherwise struggle to secure auto loans, emphasizing its mission to improve lives through financial opportunities and strong customer focus. With a workforce of over 2,400 employees, Credit Acceptance has expanded its dealer network significantly, maintaining a presence in 46 states. The company is also committed to corporate social responsibility, supporting various charitable causes and promoting environmental sustainability through initiatives like energy conservation and remote work options for employees.