Nationwide Acceptance Corporation, founded in 1954, is one of the largest independently owned finance companies. Its businesses include personal loans, automobile retail sales financing and collection services. The company offers personal loans with various features, such as automated payments, credit insurance and multiple terms. It specializes in loans for customers with abnormal and no-credit records. The company works with automobile dealers in more than 15 states to provide subprime loans. Nationwide Acceptance Corporation also provides collection services to clients in several industries, including banking, lending, medical, automobile, manufactured housing, insurance and credit card industries. The company employs more than 150 personnel and maintains an office in Chicago.