The filing provides insights into the consumer loan performance for the two-month period ending August 31, 2025.
Credit Acceptance Corporation discusses the percentage of loan portfolio involving borrowers without SSNs or ITINs.
A small pilot program in 2025 evaluates collections performance among borrowers without SSNs or ITINs.
Loan Performance
Consumer loan performance in Q3 2025 is consistent with previous trends.
Borrower Identification
Majority of loans require SSN or ITINs, with a small pilot program for borrowers without these IDs.
Collections Performance
Collections performance within the pilot program has been as expected.
- The loan performance remains stable in Q3 2025, in line with past trends.
- The pilot program for borrowers without SSNs or ITINs has limited originations and collections performance is consistent.
Credit Acceptance Corporation's transparency in loan performance and pilot program provides clarity on their operations and risk management approach.