Full-Time
Posted on 8/27/2025
Subprime auto financing via dealer network
$111.5k/yr
Syracuse, NY, USA
Hybrid
Residence within or near the assigned territory is required.
Credit Acceptance provides auto financing solutions for people with poor or no credit by partnering with a network of enrolled car dealers. Dealers in the program can approve loans for customers who are declined by traditional lenders, using a proprietary credit approval process that assesses risk and creditworthiness. The company earns money from interest and fees on these loans, and also offers financial wellness resources like the ExtraCredit program to help customers improve financial literacy. This approach targets the subprime auto market, expanding dealer sales and offering financing options to high-risk borrowers who might otherwise be unable to buy a vehicle. The goal is to help underserved borrowers access auto loans, support dealer networks, and enable customers to rebuild their credit while growing profitability.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Michigan
Founded
1972
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401(k) Company Match
Remote Work Options
Flexible Work Hours
Adoption Assistance
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Health Insurance
Dental Insurance
Vision Insurance
Credit Acceptance celebrates being named no. 18 on Fortune's 2026 100 Best Companies to Work For(R) list. Credit Acceptance Corporation -0.74% Southfield, Michigan, April 02, 2026 (GLOBE NEWSWIRE) - Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named one of the Fortune 100 Best Companies to Work For(R) in 2026 by Great Place To Work(R) and Fortune for the 12th time. This year, Credit Acceptance moved up 16 spots to #18, our highest ranking ever. "This recognition belongs to our team members," said Vinayak Hegde, Chief Executive Officer of Credit Acceptance. "It reflects the trust they have in one another, the pride they take in the work they do, and the care they show for our dealers, consumers, and one another every day. By offering the flexibility of remote work, listening to feedback and acting on what we learn, and living our PRIDE values - Positive, Respectful, Insightful, Direct, and Earnest - we've built a culture that not only supports our team members but is also foundational to our ability to deliver on our mission of changing lives." With 95% of team members agreeing that Credit Acceptance is a great place to work, the Company consistently ranks as one of the best places to work. We remain committed to fostering an environment where every team member feels valued, respected, and empowered to thrive personally and professionally. Over the past year, we have received other accolades from Fortune including Best Workplace for Financial Services and Insurance(TM) and Best Workplace for Women(TM). We have also been named a Top Workplaces USA Award winner, one of People Magazine's Companies that Care(R), a Top Workplace for Remote Work, and a Best Place to Work in IT by Computerworld, among many others. Great Place To Work selected the 100 Best list by gathering and analyzing more than 1.3 million confidential survey responses in 2025, representing the experiences of more than 7.3 million U.S. employees. Of those, nearly 640,000 responses were received from employees at eligible companies, and this list is based on that feedback. Organizations are assessed on their efforts to create generous, supportive, high-performance work experiences for every employee in the organization. About Credit Acceptance We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. Without our financing programs, consumers are often unable to purchase vehicles, or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com. About Great Place To Work(R) As the global authority on workplace culture, Great Place To Work(R), a UKG company, brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Its proprietary platform and Great Place To Work(R) Model help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work(R) Certified and receiving recognition on a coveted Best Workplaces list. About Fortune Media Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world's biggest companies and their leaders, as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks and holds companies accountable in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.
Credit Acceptance appoints Steffen Schumann as Chief Business Officer. March 20, 2026 - 03:22 Credit Acceptance Corporation has announced the appointment of Steffen Schumann as its Chief Business Officer, a newly established position within the company. Schumann will report directly to Chief Executive Officer Vinayak Hegde. In this strategic role, Schumann will be responsible for overseeing enterprise business planning, pricing strategy, and performance management. The creation of the position is designed to strengthen the company's foundational business processes and support its ongoing strategy of disciplined growth. Leadership expects Schumann's expertise to be instrumental in driving the company's future development and operational execution. The appointment highlights Credit Acceptance's focus on enhancing its corporate structure to foster sustained progress. By centralizing key strategic functions under a dedicated officer, the company aims to refine its approach to market opportunities and internal performance metrics. Schumann brings relevant experience to the role, which will be applied to the company's core business objectives moving forward. This organizational change reflects a proactive step in aligning leadership with long-term strategic goals. More news. March 19, 2026 - 05:13 A sharp and sustained increase in gasoline and diesel prices is placing significant financial strain on both families and companies throughout Greater Cincinnati. The surge at the pump is directly... March 18, 2026 - 18:42 The demolition of a long-vacant CVS Pharmacy building in St. Paul`s Midway neighborhood is underway, a move being celebrated by local entrepreneurs as a critical step toward revitalization. The... March 18, 2026 - 04:19 SAN DIEGO, March 17, 2026 - Cibus, Inc., a prominent agricultural technology firm specializing in the development and licensing of advanced plant traits, has released its financial outcomes for... March 17, 2026 - 05:38 Nvidia has significantly bolstered its presence in the automotive sector by adding industry giants Hyundai, BYD, and several other leading automakers to its roster of partners for self-driving...
Credit Acceptance Corporation has appointed Steffen Schumann as Chief Business Officer in a newly created role reporting to CEO Vinayak Hegde. Schumann will lead enterprise business planning, pricing strategy, advanced analytics and performance management systems to drive growth and improve financial performance. Schumann brings over two decades of experience from Deutsche Telekom and T-Mobile, most recently serving as Senior Vice President, Consumer Marketing, where he focused on driving growth and increasing customer lifetime value. The appointment comes as Credit Acceptance focuses on strengthening execution amid evolving market conditions. The company reported stable forecasted collection rates for the two months ended 28 February 2026, which management views as early signs of improving momentum in key business areas.
Credit Acceptance Corp reported fourth-quarter earnings of $122 million, or $11.35 per share on an adjusted basis. The Southfield, Michigan-based auto financing company posted revenue of $579.9 million for the period. Shares rose nearly 2% since the beginning of the year but have declined 14% over the past 12 months. In Thursday's final trading minutes, shares reached $451.24.
The Investor Relations website contains information about Credit Acceptance Corporation's business for stockholders, potential investors, and financial analysts.