AmeriCredit Corp.

Public Company, Headquarters Location
801 Cherry St., Ste. 3500, Fort Worth, TX 76102-6803, United States
(800)284-2271, (817)302-7000, http://www.americredit.com

Primary SIC: Misc. Business Credit Institutions, Primary NAICS: All Other Non-Depository Credit Intermediation
Description: AmeriCredit Financial Services Inc. is a leading independent auto finance company that has been operating in the automobile finance business since September 1992. The company purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in the AmeriCredit dealership network. AmeriCredit previously made loans directly to customers buying new and used vehicles and provided lease financing through a dealership network, but the company terminated those activities during fiscal 2008. The company predominantly targets consumers who are typically unable to obtain financing either from banks or credit unions to manufacturer captive auto finance companies. Funding for AmeriCredit's auto lending activities is obtained through the utilization of AmeriCredit's credit facilities and the transfer of loans in securitization transactions. It services its loan portfolio at regional centers using automated loan servicing and collection systems.Finance: Provider of automobile financing services through franchised and independent automobile dealerships and directly to consumers.