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): June 14, 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 communication 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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

     (a)  On June 14, 2007, the Company executed the Third Amendment (the
          "Amendment"), dated as of June 14, 2007, to the Fourth Amended and
          Restated Credit Agreement (the "Revised Credit Agreement"), dated
          February 7, 2006, between the Company, the Banks which are parties
          thereto from time to time, and Comerica Bank as Administrative Agent
          for the Banks. The Amendment extends the maturity of the credit
          facility from June 20, 2008 to June 20, 2009. The Amendment also
          reduces the amount of the facility from $135 million to $75 million
          because the amount of borrowings available under this facility and the
          Company's $325 million warehouse facility exceed the Company's current
          borrowing needs. The interest rate on borrowings under the facility
          has been reduced from the prime rate or 1.30% over the Eurocurrency
          rate, at the Company's option, to the prime rate minus 1.65% or 1.25%
          over the Eurocurrency rate, at the Company's option. In addition, the
          borrowing base limitation was modified to increase the advance rate
          from 75% to 80% of the net book value of Dealer Loans and from 75% to
          80% of the net book value of Consumer Loans purchased by the Company.
          The Amendment also relaxed the funded debt to tangible net worth ratio
          and fixed charge coverage ratio financial covenants, eliminated the
          minimum tangible net worth covenant and added a covenant requiring
          positive consolidated net income as of the end of each fiscal quarter
          (calculated for the two fiscal quarters then ending). The Revised
          Credit Agreement continues to be secured by a lien on most of the
          Company's assets. The Revised Credit Agreement is attached as Exhibit
          4(c)(21) to this Form 8-K and incorporated herein by reference.

ITEM 8.01. OTHER EVENTS.

On June 14, 2007, the Company issued a press release announcing the execution of
the Revised Credit Agreement. The press release is attached as Exhibit 99.1 to
this Form 8-K and incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

     (d)  Exhibits.

          4(c)(19) First Amendment, dated as of September 20, 2006, to Fourth
          Amended and Restated Credit Agreement, dated February 7, 2006, between
          the Company, the Banks which are parties thereto from time to time,
          and Comerica Bank as Administrative Agent for the Banks

          4(c)(20) Second Amendment, dated as of January 19, 2007, to Fourth
          Amended and Restated Credit Agreement (the "Revised Credit
          Agreement"), dated February 7, 2006, between the Company, the Banks
          which are parties thereto from time to time, and Comerica Bank as
          Administrative Agent for the Banks

          4(c)(21) Third Amendment, dated as of June 14, 2007, to Fourth Amended
          and Restated Credit Agreement (the "Revised Credit Agreement"), dated
          February 7, 2006, between the Company, the Banks which are parties
          thereto from time to time, and Comerica Bank as Administrative Agent
          for the Banks.

          99.1 Press Release dated June 14, 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
                                        (Registrant)


                                        By: /s/ Douglas W. Busk
                                            ------------------------------------
                                            Douglas W. Busk
                                            Treasurer
                                            June 19, 2007