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In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc.
Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs.
The application should pre-fill demographic data if the applicant is an existing client and has logged in. Make it easy, quick, and friendly for the applicant (so they actually complete the application and don't abandon) Get a current credit report; Prequalify (auto-decision) the application and return a quick response to the applicant.
Car loans are one of the most common types of debt among consumers in 21st century America. While auto loans are not as common as credit cards, the majority of Americans (62%) have an auto loan in ...
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