NYSE, ACF - AmeriCredit Corporation
We are a leading independent auto finance company that has been operating in the
automobile finance business since September 1992. We purchase auto finance
contracts generally without recourse from franchised and select independent
automobile dealerships and, to a lesser extent, make loans directly to customers
buying new and used vehicles and provide lease financing through our dealership
network. As used herein, ?loans? include auto finance contracts originated by
dealers and purchased by us as well as direct extensions of credit made by us to
consumer borrowers. We predominantly target consumers who are typically unable
to obtain financing from banks, credit unions and manufacturer captive auto
finance companies. Funding for our auto lending activities is obtained primarily
through the transfer of loans in securitization transactions. We service our
loan portfolio at regional centers using automated loan servicing and collection
systems. ...
Read SEC Filing on NASDAQ.com »