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Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program ...
Donald A. Foss (1943 or 1944 – August 14, 2022) was an American billionaire businessman, the founder, chairman, and CEO of the subprime car finance company Credit Acceptance. At his death, his net worth was estimated at US$2 billion.
An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor , discounts them and agrees to pay for them when they mature .
DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.
In 2008, the Michigan Economic Development Corporation (MEDC) recommended that the Michigan Economic Growth Authority (MEGA) approve a $21.5 million state tax credit to North. [ 3 ] The following year, 2009, the company moved its headquarters to a 105,000-square-foot (9,800 m 2 ) building in Troy, MI.
Credit One Bank, N.A., headquartered in Las Vegas, Nevada, is a bank specializing in credit cards for borrowers with low credit scores. [2] It is owned by Sherman Financial Group , which runs one of the largest buyers of consumer debt in the United States. [ 3 ]
LendingTree, Inc. is an online lending marketplace, founded in 1996 and headquartered in Charlotte, North Carolina.The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products.
America First Credit Union is a federally chartered credit union headquartered in Riverdale, Utah, United States. As of December 2023, [update] America First was the fifth largest credit union in the United States in terms of total membership and seventh largest credit union in assets in the U.S. [ 1 ] [ 2 ]