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Credit Acceptance originations plummet 14.6% 

Lender lowered provision for credit losses by 46% 

Amanda Harris

Credit Acceptance Corp.’s originations declined in the second quarter as loan performance weakened more than expected.  Southfield, Mich.-based Credit Acceptance Corp. (CACC)’s number of consumer loan assignments decreased 14.6% year over year on a unit basis to 85,486 and were down 18.8% YoY on a dollar basis, according to the company’s July 31 earnings release.  […]

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