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Rating Action: Moody's upgrades Credit Acceptance Auto Loan Trust 2019-3 notesGlobal Credit Research - 11 Mar 2022New York, March 11, 2022 -- Moody's Investors Service ( Moody's ) has upgraded two ...
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.
Moody's Investors Service ("Moody's") has assigned provisional ratings to the notes to be issued by Credit Acceptance Auto Loan Trust 2020-2 (CAALT 2020-2). This is the second securitization of ...
Credit Acceptance (CACC) agrees to pay $27.2 million to settle the lawsuit filed by the Massachusetts Attorney General in August 2020 claiming that the company deceived auto-lending practices.
Ally Financial Inc. (known as GMAC until 2010) is a bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
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.
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