Credit Acceptance is an indirect auto lender that enables vehicle ownership for consumers with impaired or limited credit histories by financing automobile purchases through a nationwide network of approximately 60,000 independent and franchised dealers. The company operates two primary programs: the Portfolio Program, where it advances funds to dealers against future collections and receives ongoing payments as loans are repaid, and the Purchase Program, where it buys consumer loans outright from dealers. Credit Acceptance generates revenue primarily through finance charges including interest income, fees, and premiums from vehicle service contract reinsurance, while managing credit risk through proprietary underwriting systems, dealer servicing agreements, and collections operations that include customer contact, vehicle repossession, and resale.