Credit Acceptance Corp (CACC) Reports Loan Performance and Pilots Program

By Hao Liu • Monday, September 15 10:13 • Permanent Link

Credit Acceptance Corporation (CACC) has reported on select inquiries received year to date 2025, up to September 12. Here are some of the key metrics:

Consumer Loan Performance:
For the two-month period ended August 31, 2025, consumer loan performance remained consistent with recent quarters' trends.
CACC continues to closely monitor consumer loan performance and plans to provide a full update in the third-quarter earnings release and Form 10-Q.
Borrowers without SSNs or ITINs:
CACC's underwriting policies require borrowers to provide either a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), with a small pilot program launched in 2025 to evaluate collections performance among borrowers without SSNs or ITINs.
Participation in this program is limited to five designated market areas, and all borrowers are required to provide valid government-issued photo identification for identity verification.
The volume of originations under this pilot remains de minimis relative to both the total originations during the pilot period and the overall loan portfolio.
Collections performance within the pilot has been consistent with expectations, and there are currently no plans to expand the pilot beyond its existing scope.

These metrics provide insight into CACC's loan performance and the impact of its pilot program on borrowers without SSNs or ITINs. It will be important to watch for the upcoming third-quarter earnings release and Form 10-Q for a comprehensive update on consumer loan performance. Following these announcements, the company's shares moved -9.63%, and are now trading at a price of $474.44. For more information, read the company's full 8-K submission here.

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