| AmeriCredit Corp. is an auto finance company operating in the automobile finance business. The Company purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in its dealership network. The Company targets consumers who are unable to obtain financing from banks, credit unions and manufacturer captive auto finance companies. Funding for the Company's auto lending activities is obtained through the utilization of its credit facilities and securitization transactions. The Company services its loan portfolio at regional centers using automated loan servicing and collection systems. The Company sources its business primarily through its relationships with auto dealers, which are maintained through its regional credit centers, marketing representatives (dealer relationship managers) and alliance relationships. |
