AmeriCredit Corp., a consumer finance company, engages in the purchase, retention, subsequent securitization, and servicing of finance receivables primarily in the United States. The company, through its branch network and strategic alliances with auto groups and banks, purchases retail installment contracts entered into by auto dealers with consumers, who are typically unable to obtain financing from traditional sources. Its servicing activities comprise collecting and processing customer payments, responding to customer inquiries, initiating contact with customers who are delinquent in payment of an installment, maintaining the security interest in the financed vehicle, monitoring physical damage insurance coverage of the financed vehicle, arranging for the repossession of, liquidating collateral, and pursuit of deficiencies when necessary. As of September 30, 2005, the company operated 88 branch offices. AmeriCredit Corp. was founded in 1986 and is headquartered in Fort Worth, Texas.
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