Credit Acceptance Corporation provides automobile dealers financing programs, and related products and services that enable them to sell vehicles to consumers. Its loan programs include portfolio program, which advances money to dealers in exchange for the right to service the underlying consumer loans; and purchase program that buys the consumer loans from the dealers and keep various amounts collected from the consumers. The company markets its products directly to a network of approximately 53,000 independent and franchised automobile dealers in the United States. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.