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Working at Credit Acceptance

Zippia score 4.5

Overview

SalaryRevenueReviewsHistoryDemographicsCompetitorsCEO & Executives

Credit Acceptance overview

Industry
Financial
Revenue
$2.2B
Headquarters
Employees
2,093
Founded in
1972
Website
Organization type
Public
CEO
Brett A. Roberts
Social media
Credit Acceptance is a proven industry leader, and has been copied by many. The difference between Credit Acceptance and others trying to emulate our business model is our experience and our commitment to helping deserving consumers receive a fresh start. Credit Acceptance was founded in 1972 by Don Foss, one of the world's largest independent used car dealers in the 1970's and 1980's. Credit Acceptance is an indirect auto finance company, working with car dealers nationwide to enable them to sell cars to consumers on credit regardless of their credit history. Without our product, consumers may be unable to purchase a vehicle, may purchase an unreliable one, or may not have the opportunity to improve their credit score.
The staff at Credit Acceptance come from unusually diverse demographic backgrounds. The company is 59.5% female and 34.2% ethnic minorities. Credit Acceptance employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 62.0% of employees identifying as members of the Republican Party. Despite their political differences, employees at Credit Acceptance seem to be happy. The company has great employee retention with staff members usually staying for 4.2 years.The average employee at Credit Acceptance makes $40,246 per year. Pay at Credit Acceptance is significantly lower than some of its highest paying competitors, like Morgan Stanley, Legg Mason, and Citi, which pay $103,933, $84,387, and $75,483, respectively.
Based in Southfield, MI, Credit Acceptance is a key player in the finance industry with 2,093 employees and an annual revenue of $2.2B.

Credit Acceptance's mission statement

We are passionate about providing car dealers with a finance program that helps people with credit problems finance a car, and this passion motivates us to work our hardest every day.

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4.5/5

Credit Acceptance employee reviews

Based on 2 ratings

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Credit Acceptance employee reviews

Credit Acceptance employee reviews
4.5/5

Based on 2 ratings

Work at Credit Acceptance? Share your experience.
Employee reviews
profile
5.0
A zippia user wrote a review on Jul 2023
Pros of working at Credit Acceptance

This company has a great collections dept.

Cons of working at Credit Acceptance

None

Credit Acceptance benefits

Flexible schedules and great compensation

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profile
4.0
A zippia user wrote a review on Sep 2021
Pros of working at Credit Acceptance

I like the supervisors, colleagues, and pay.

Cons of working at Credit Acceptance

Micro managing call center environment can be stressful.

Credit Acceptance benefits

Uncapped bonuses each month.

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The team at Credit Acceptance

  • The founders of Credit Acceptance are Donald A. Foss, Kenneth S. Booth and Scott J. Vassalluzzo.
  • The key people at Credit Acceptance are Brett A. Roberts, Donald A. Foss and Kenneth S. Booth.
Key people
Brett A. Roberts
Donald A. Foss
Kenneth S. Booth
Scott J. Vassalluzzo

Credit Acceptance rankings

Credit Acceptance is ranked #20 on the Best Finance companies to work for in Michigan list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Credit Acceptance salaries

Average Credit Acceptance salary
$40,246
yearly
$19.35 hourly
Updated March 14, 2024

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Credit Acceptance diversity

9.7
Diversity score
We calculated Credit Acceptance’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Credit Acceptance’s workforce.
Credit Acceptance diversity summary. Zippia estimates Credit Acceptance's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Credit Acceptance's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Credit Acceptance's workforce.
  • Credit Acceptance has 2,093 employees.
  • 59% of Credit Acceptance employees are women, while 41% are men.
  • The most common ethnicity at Credit Acceptance is White (66%).
  • 12% of Credit Acceptance employees are Hispanic or Latino.
  • 11% of Credit Acceptance employees are Black or African American.
  • The average employee at Credit Acceptance makes $40,246 per year.
  • Credit Acceptance employees are most likely to be members of the republican party.
  • Employees at Credit Acceptance stay with the company for 4.2 years on average.

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Credit Acceptance financial performance

9.6
Performance score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Credit Acceptance currently has 1.8B in revenue. Credit Acceptance's most recent quarter produced 478.6m (q3'2023).

Credit Acceptance annual revenue

$2B
$2B
$1B
$865M
$432M
$0
2019
2020
2021
2022
2023
2024

Highest paying Credit Acceptance competitors

Compare Credit Acceptance salaries to competitors, including Morgan Stanley, Legg Mason, and Citi. Employees at Morgan Stanley earn the highest average yearly salary of $103,933. The salaries at Legg Mason average $84,387 per year, and the salaries at Citi come in at $75,483 per year.
RankCompanyAverage salaryJobs
1$103,9330
2$84,3870
3$75,4830
4$73,4420
5$71,6890
6$66,6910
7$64,4020
8$60,4280
9$48,0330
10$45,8520
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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of Credit Acceptance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Credit Acceptance. The employee data is based on information from people who have self-reported their past or current employments at Credit Acceptance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Credit Acceptance. The data presented on this page does not represent the view of Credit Acceptance and its employees or that of Zippia.

    Credit Acceptance may also be known as or be related to CREDIT ACCEPTANCE CORP, Credit Acceptance and Credit Acceptance Corporation.