Acquired / Closed Brand

AmeriCredit Is No Longer a Standalone Consumer Lender

AmeriCredit was acquired by General Motors in 2010 and became GM Financial. The AmeriCredit brand for consumer lending ended. This page explains what happened and outlines alternatives for borrowers looking for personal loans. Fundslender is not affiliated with AmeriCredit or GM Financial.

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AmeriCredit no longer operates as a standalone lender

AmeriCredit Corp. was acquired by General Motors in 2010 and is now part of GM Financial. It does not offer general consumer personal loans. This page is maintained to help people searching for AmeriCredit understand its current status.

What Was AmeriCredit?

AmeriCredit Corp. was founded in Fort Worth, Texas in 1992 and grew to become one of the largest independent auto finance companies in the United States. It specialized in indirect auto lending, providing vehicle purchase financing through dealerships to buyers who did not qualify for prime auto loans.

AmeriCredit was publicly traded on the NYSE and focused on subprime and near-prime auto lending. It was not a major provider of unsecured personal loans.

The GM Acquisition

  • In July 2010, General Motors announced it would acquire AmeriCredit for approximately $3.5 billion in cash.
  • GM wanted an in-house auto financing captive to support its dealer network, particularly for buyers who could not access prime auto financing.
  • The acquisition was completed in October 2010. AmeriCredit subsequently rebranded to GM Financial for its consumer-facing operations.
  • GM Financial today offers vehicle financing through GM dealerships and online tools, primarily for GM vehicle purchases and leases.

For Former AmeriCredit Customers

  • All AmeriCredit auto loans became GM Financial accounts after the acquisition. GM Financial handles all servicing for former AmeriCredit loans.
  • Contact GM Financial directly for any account inquiries, payment information, or payoff quotes related to a former AmeriCredit loan.
  • If you are looking for a general unsecured personal loan, GM Financial does not offer that product. Explore mainstream personal loan lenders or a loan matching service.

Frequently Asked Questions

AmeriCredit Corp. was acquired by General Motors in 2010 and became GM Financial. Consumer personal lending under the standalone AmeriCredit brand ended. GM Financial today operates as the auto financing captive for General Motors, not as a general personal loan provider.
AmeriCredit was primarily an indirect auto lender that provided financing for car purchases through dealerships, with a focus on subprime auto buyers. It did not primarily offer unsecured personal loans. Borrowers searching for general personal loans would find AmeriCredit had a narrow product focus.
AmeriCredit auto loans became part of GM Financial after the 2010 acquisition. If you had an existing AmeriCredit loan, it was handled by GM Financial going forward. Contact GM Financial for any account inquiries about former AmeriCredit loans.
If you are looking for an unsecured personal loan, consider mainstream online lenders, credit unions, and banks. Fundslender is an independent loan matching service that may connect you with lenders in our network offering personal loans. We are not affiliated with AmeriCredit or GM Financial.
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