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AmeriCredit gives credit where it's not necessarily due. The company purchases loans made by about 10,000 franchised and independent auto dealers primarily to consumers with less-than-ideal credit histories. It typically finances low-mileage, late-model used cars (about 80% of all loans), and the occasional new automobile. The company then periodically transfers its loans to securitization trusts, retains the servicing, and reinvests the proceeds in new loans. The lender has nearly 1 million customers and approximately $11 billion in managed auto receivables. It operates about 15 credit centers in suburban locations close to car dealerships.
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| | | Contact Information | |
Address: |
801 Cherry St., Ste. 3900
Fort Worth, TX 76102
| | Phone: | 817-302-7000 | | Fax: | 817-302-7101 |
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| Financial
Highlights | | Fiscal Year End: | June | | Revenue (2009): | 2082.40 M | | Revenue Growth (1 yr): | (-18.10%) | | Employees (2009): | 3,064 | | Employee Growth (1 yr): | (-20.00%) |
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Key People
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Chairman:
Clifton H. Morris Jr.
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President, CEO, and Director:
Daniel E. (Dan) Berce
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EVP, CFO, and Treasurer:
Chris A. Choate
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