Credit Acceptance Extends $100mln Asset-Backed Financing.

Credit Acceptance Corporation has extended its $100 million asset-backed non-recourse secured financing, Term ABS 2021-1, for an undisclosed term. The financing was originally entered into on January 29, 2021. The extension allows the company to continue to access funding for its auto financing business. Credit Acceptance is a leading provider of financing solutions for automotive dealerships and consumers.