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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.
The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. Credit Acceptance reported annual revenue of $1.49B for 2019 ...
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General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
Rating Action: Moody's upgrades Credit Acceptance Auto Loan Trust 2019-3 notesGlobal Credit Research - 11 Mar 2022Approximately $114 million of debt securities affectedNew York, March 11, 2022 ...
A credit score is a three-digit-number a lender uses to help evaluate your financial behavior and determine how likely you are to repay a loan as agreed. They are also sometimes called risk scores. There are different scoring models to suit specific types of loans, such as auto lending, credit card and mortgage scores.
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