American Consumer Credit Solutions, Inc. (NYSE American: ACCS) is a specialty finance company that focuses on originating, purchasing and servicing retail installment contracts primarily for the purchase of used vehicles. Through its subsidiary, American Credit Acceptance, the company provides auto financing solutions to consumers who may not qualify for traditional prime credit products. ACCS’s operations center on offering sub-prime and near-prime consumers access to dependable transportation by partnering with a network of independent auto dealers across the continental United States.
Founded in the late 1980s and headquartered in Greenville, South Carolina, ACCS established its holding company structure in the late 1990s to support growth and diversification of its consumer loan portfolio. Over the years, the company has expanded its dealer network to serve customers in 48 states, leveraging proprietary underwriting models and risk management systems. This expansion has enabled ACCS to build a sizable portfolio of installment contracts while maintaining a disciplined approach to credit and collections.
ACCS’s principal offerings include direct financing of used vehicle purchases, contract servicing and remarketing of repossessed assets. The company’s underwriting process combines data analytics with experienced credit adjudication to assess borrower risk and tailor loan terms accordingly. In conjunction with its dealer partners, ACCS also provides ongoing customer support and online account management tools, aiming to reduce defaults and enhance the borrower experience.
Under the leadership of Chairman and Chief Executive Officer Robert Fonzi, ACCS emphasizes strong corporate governance and strategic growth initiatives. The executive team, which includes Chief Financial Officer Joseph Peed, supports a capital-efficient business model designed to balance portfolio growth with credit performance. With a focus on operational excellence and customer service, American Consumer Credit Solutions continues to pursue opportunities to extend auto financing to underserved market segments.
