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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.
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| | | Contact Information | |
Address: |
25505 W. Twelve Mile Rd., Ste. 3000
Southfield, MI 48034-8339
| | Phone: | 248-353-2700 | | Fax: | 248-827-8553 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 312.20 M | | Revenue Growth (1 yr): | 30.10% | | Employees (2008): | 1,048 | | Employee Growth (1 yr): | 7.90% |
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Key People
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Chairman:
Donald A. Foss
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CEO and Director:
Brett A. Roberts
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President:
Steven M. Jones
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