CAC cites improved payment performance | Auto Finance News | Auto Finance News

CAC cites improved payment performance

© Can Stock Photo / karenr

Credit Acceptance Corp.’s (CAC) forecasted payment performance for outstanding auto loans on its balance sheet remained nearly unchanged from its March 31 forecasts, despite industrywide expectations that the COVID-19 economic crisis could squeeze borrowers’ ability to repay.   In fact, the forecasted collection balance for auto loans originated in the first quarter inched up 60 basis points from its original […]

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