Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. The company is headquartered in Southfield, Michigan and currently employs 2,246 full-time employees. The Company’s financing programs are offered through a nationwide network of automobile dealers. The firm offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan and keep all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The firm has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.