Credit acceptance privacy policy

Rev. 12/19
FACTS
 WHAT DOES CREDIT ACCEPTANCE CORPORATION DO WITH YOUR PERSONAL INFORMATION?
Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do
What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:
  • Social Security number and credit scores
  • Account balances and payment history
  • Income and employment information
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Credit Acceptance Corporation chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does Credit Acceptance Corporation share? Can you limit this sharing?
For our everyday business purposes – such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No
For our marketing purposes – to offer our products and services to you Yes No
For joint marketing with other financial companies No We don't share
For our affiliates’ everyday business purposes – information about your transactions and experiences Yes No
For our affiliates’ everyday business purposes – information about your creditworthiness No We don't share
For nonaffiliates to market to you No We don't share
Questions? Go to www.creditacceptance.com/contact-us
What we do
How does Credit Acceptance Corporation protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Credit Acceptance Corporation collect my personal information? We collect your personal information, for example, when you
  • apply for financing or provide employment information
  • give us your wage statements or give us your contact information
  • give us your income information
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only
  • sharing for affiliates’ everyday business purposes – information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
  • Our affiliate is Vehicle Remarketing Services, Inc., a nonfinancial company
Nonaffiliates Credit Acceptance Corporation does not share with nonaffiliates so they can market to you.
Joint marketing Credit Acceptance Corporation does not jointly market.