885550--3/3/2010--CREDIT_ACCEPTANCE

related topics

{debt, indebtedness, cash}

{system, service, information}

{capital, credit, financial}

{condition, economic, financial}

{personnel, key, retain}

{financial, litigation, operation}

{cost, regulation, environmental}

{competitive, industry, competition}

{loan, real, estate}

The conditions of the U.S. and international capital markets may adversely affect lenders with which we have relationships, causing us to incur additional costs and reducing our sources of liquidity, which may adversely affect our financial position, liquidity and results of operations. Our substantial debt could negatively impact our business, prevent us from satisfying our debt obligations and adversely affect our financial condition. Due to competition from traditional financing sources and non-traditional lenders, we may not be able to compete successfully. We may not be able to generate sufficient cash flows to service our outstanding debt and fund operations and may be forced to take other actions to satisfy our obligations under such debt. Interest rate fluctuations may adversely affect our borrowing costs, profitability and liquidity. Reduction in our credit rating could increase the cost of our funding from, and restrict our access to, the capital markets and adversely affect our liquidity, financial condition and results of operations. We may incur substantially more debt and other liabilities. This could exacerbate further the risks associated with our current debt levels. The regulation to which we are or may become subject could result in a material adverse effect on our business. Adverse changes in economic conditions, the automobile or finance industries, or the non-prime consumer market could adversely affect our financial position, liquidity and results of operations, the ability of key vendors that we depend on to supply us with services, and our ability to enter into future financing transactions. Litigation we are involved in from time to time may adversely affect our financial condition, results of operations and cash flows. Our operations are dependent on technology. We are dependent on our senior management and the loss of any of these individuals or an inability to hire additional team members could adversely affect our ability to operate profitably. Our reputation is a key asset to our business, and our business may be affected by how we are perceived in the marketplace. The concentration of our Dealer-Partners in several states could adversely affect us. Failure to properly safeguard confidential consumer information could subject us to liability, decrease our profitability and damage our reputation.

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885550--3/3/2010--CREDIT_ACCEPTANCE_CORP