AmeriCredit Resumes Automobile Lending in Canada.FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. -- AmeriCredit has funded its first Canadian auto loan, taking the initial step to re-establish itself as a major competitor in the Canadian auto-lending market. The company has established its new Canadian New Canadian Noun Canad a recent immigrant to Canada offices for AmeriCredit Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. of Canada in Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen . The company's Canadian underwriting team is based at this central location, while its sales representatives are located in different areas and serve auto dealers throughout the country. Howard Cobham, AmeriCredit's senior vice president of Dealer Services, Canada, says AmeriCredit is thrilled to be competing in the Canadian market again. "The culmination of months of planning and development has resulted in exactly what we'd hoped for: AmeriCredit has received an unprecedented reception from Canadian auto dealers and is certain it can provide a much-needed lending resource for customers in Canada," says Cobham. Cobham adds that resuming Canadian lending is an important part of AmeriCredit's plan to incrementally grow new loan originations. By July 1, the company plans to expand its Canadian lending initiative throughout Ontario and into Alberta, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Manitoba, Saskatchewan and the Atlantic region. AmeriCredit is also developing plans to enter the Quebec market at a later date. AmeriCredit previously originated loans in Canada from 1998 to 2003 when it exited the market due to a company restructure. Since that time, AmeriCredit has continued to operate a successful collection centre with more than 400 team members in Peterborough, Ontario, in addition to collection centers in the United States. About AmeriCredit AmeriCredit Corp. (NYSE NYSE See: New York Stock Exchange :ACF (Advanced Communications Function) An earlier official product line name for IBM SNA programs, such as VTAM (ACF/VTAM) and NCP (ACF/NCP). ACF - Advanced Communications Function ) is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit has approximately 1 million customers and $12 billion in managed auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com. |
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