American Credit Acceptance, an auto loan lender that focuses deep subprime borrowers, is marketing a $219.3 million securitization.

American Credit Acceptance Receivables Trust 2015-1, the issuers first deal of 2015, is backed by a pool of loan receivables that in some cases don’t even have a FICO credit score. According to Kroll Bond Rating Agency’s presale report, the pool has a heavy concentration of lower quality subprime obligors with an average FICO score in the low to mid 500s. And 13.85% of the loans in the transaction have no FICO score.

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