8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 20, 2007

CREDIT ACCEPTANCE CORPORATION
__________________________________________
(Exact name of registrant as specified in its charter)

Michigan	000-20202	38-1999511
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
25505 West Twelve Mile Road, Suite 3000, Southfield, Michigan		48034-8339
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 248-353-2700

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

Credit Acceptance Corporation is furnishing materials, included as Exhibit 99.1 to this report and incorporated herein by reference, which were prepared for inclusion on its investor relations website. Credit Acceptance Corporation is not undertaking to update these materials. This report should not be deemed an admission as to the materiality of any information contained in these materials.

The information furnished in this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Materials added to website on or about February 20, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CREDIT ACCEPTANCE CORPORATION
February 20, 2007	By:	Douglas W. Busk
		Name: Douglas W. Busk
		Title: Treasurer

Exhibit Index

Exhibit No.	Description
99.1	Materials added to website on or about February 20, 2007.

EX-99.1

Select Inquiries Received through February 20, 2007

1. Subject to approval, you will pay approximately $12 million to settle a class action suit that traces its origins back to 1996. Your recent 8K makes it clear that you are not admitting wrongdoing as part of the settlement. Three questions come to mind:

a. Who must approve the settlement, and what is the estimated timing?

The Settlement is subject to approval of the Circuit Court of Jackson County, Missouri after notice is sent to all class members.  A hearing for preliminary approval of the settlement and approval of the content and manner of service of the class notice has not been scheduled.  At the hearing on preliminary approval, the Court will set a date for a hearing on final approval and the entry of an order of dismissal.  The Company estimates that the hearing on final approval will not occur for three to six months.

b. What were the damages that the other side was seeking?

The plaintiff’s were seeking unspecified damages for alleged violations of several state specific statutes, including the Motor Vehicle Time Sales Act; the Merchandising Practices Act; the Legal Tender and Interest Act; Article Nine of the Uniform Commercial Code; and Holder Liability.  

c. Are you concerned that this settlement will enhance the probability that other, similar classes will emerge, without regard to whether or not they have any merit?

Copycat litigation is a risk inherent in all settlements and we certainly cannot predict whether any such suits will be filed. However, given the age of the accounts involved in this case, the fact that many of the allegations’ involve facts unique to Missouri, and the fact that the Company’s processes are significantly different today than in the early to mid 1990’s, the Company believes that any such copycat cases would be difficult for other plaintiff attorneys to successfully prosecute.