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Credit Acceptance extends $100 million asset-backed financing
By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – Credit Acceptance Corp. extended the $100 million asset-backed non-recourse secured financing it entered into on Jan. 29, 2021.
The date on which the financing will cease to revolve has been extended to Feb. 17, 2026 from Dec. 16, 2024, according to a news release.
Southfield, Mich.-based Credit Acceptance provides consumer auto loans.
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