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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. Post-credit market meltdown, 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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