WASHINGTON, D.C. 20549

                                   FORM 12b-25

          (Check One )     [  X ]  Form 10-K         [     ]  Form 20-F                 [     ]  Form 11-K
                           [    ]  Form 10-Q         [     ]  Form N-SAR

                           For the Period Ended      January 31, 2004

         [      ] Transition Report on Form 10-K
         [      ] Transition Report on Form 20-F
         [      ] Transition Report on Form 11-K
         [      ] Transition Report on Form 10-Q
         [      ] Transition Report on Form N-SAR

                  For the Transition Period Ended

         Read Instructions (on back page) Before Preparing Form. Please Print or


         If the notification relates to a portion of the filing checked above,
         identify the Item(s) to which the notification relates:     N/A

                         PART I - REGISTRANT INFORMATION

              (Full Name of Registrant)

            (Former Name if Applicable)

            555 Madison Avenue, 29th Floor
         (Address of principal executive offices)

                   New York, New York  10022
                  (City, State and Zip Code)

                        PART II - RULES 12B-25(B) AND (C)

         If the subject report could not be filled without unreasonable effort
         or expense and the registrant seeks relief pursuant to Rule 12b-25(b),
         the following should be completed. (Check box if appropriate)

         [ X ]    (a) The reasons described in reasonable detail in Part III
                  of this form could not be eliminated without unreasonable
                  effort or expense;

         [ X ]    (b) The subject annual report, semi-annual report, transition
                  report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
                  portion thereof, will be filed on or before the fifteenth
                  calendar day following the prescribed due date; or the subject
                  quarterly report on Form 10-Q, or portion thereof will be
                  filled on or before the fifth calendar day following the
                  prescribed due date; or

         [   ]    (c) The accountant's statement or other exhibit required by
                  Rule 12b-25(c) has been attached if applicable

                              PART III - NARRATIVE

           State below in reasonable detail the reasons why Forms 10-K, 20-F,
           11-F 10-Q, N-SAR, or the transition report portion thereof, could not
           be filed within the prescribed time period.

               The Company requires additional as time to complete the filing of
               its Annual Report on Form 10-K for the period ended January 31,
               2004 as a result of the Company's Chief Financial Officer (the
               person directly responsible for the preparation of the financial
               statements and the 10-K) had two immediate family members pass
               away during a two week period in April 2004. As a result, the
               Company's normal procedures for preparing the 10-K were delayed
               by several weeks, and the company was unable to finalize the 10-K
               by the prescribed due date.

                           PART IV - OTHER INFORMATION

           (1)      Name and telephone number of person to contact in regard to
                    this notification

                    Robert V. Cuddihy, Jr.          212         644-1400
                    --------------------------      ---         --------
                             (Name)             (Area Code) (Telephone Number)

           (2)      Have all other periodic reports required under Section 13 or
                    15(d) of the Securities Act of 1934 or Section 30 of the
                    Investment Company Act of 1940 during the preceding 12
                    months or for such shorter period that the registrant was
                    required to file such report(s) been filed. If answer is no,
                    identify report(s). [ X ] Yes [ ] No

           (3)      Is it anticipated that any significant change in results of
                    operations from the corresponding period for the last fiscal
                    year will be reflected by the earnings statements to be
                    included in the subject report or portion thereof? [ X ] Yes
                    [ ] No

                  If so, attach an explanation of the anticipated change, both
                  narratively and quantitatively, and, if appropriate, state the
                  reasons why a reasonable estimate of the results cannot be

                  During the year ended January 31, 2004, the Company acquired
                  OMI Business Communications, effective April 1, 2003, and The
                  Campus Group, four affiliated companies, effective July 31,
                  2003. As a result of these acquisitions, the financial
                  statements of the Company will change to reflect the
                  consolidation of these new operations however; the
                  consolidated financial statements at January 31, 2004 are
                  anticipated to be consistent with the Company's disclosures in
                  the Pro Forma Financial Statements as filed on October 10,
                  2003 in the Current Report on Form 8K/A dated July 31, 2003.

                           NATIONAL AUTO CREDIT, INC.
                     (Name of Registrant as Specified in Charter)

                  has caused this notification to be signed on its behalf by
                  the undersigned hereunto duly authorized

                  Date     April 30, 2004     By  /s/  Robert V. Cuddihy, Jr.
                           --------------             -------------------------
                                                       Chief Financial Officer

                  INSTRUCTION: The form may be signed by an executive officer of
                  the registrant or by any other duly authorized representative.
                  The name and title of the person signing the form shall be
                  typed or printed beneath the signature. If the statement is
                  signed on behalf of the registrant by an authorized
                  representative (other than an executive officer), evidence of
                  the representative's authority to sign on behalf of the
                  registrant shall be filed with the form.