LOS ANGELES — Westlake Financial Services and Primeritus
Financial Services formed a collaborative partnership on Tuesday.

Officials highlighted that Primeritus will leverage its
recovery management and skip-tracing services to assist Westlake with
skip-to-locate services for the finance company's post charge-off collateral
accounts.

"Primeritus has a solid reputation in the industry by
helping companies improve their collection services," Westlake president Ian
Anderson said. "Westlake is proud to bring on a partner that will help us
improve our portfolio by lowering losses and increasing our recovery."

Primeritus executive vice president Joe Mappes added, "Westlake
and Primeritus share a common vision; to deliver best-in-class service,
technology and results for our clients.

"By utilizing Primeritus SkipMasters, Westlake Financial
will reduce their charge-off ratio, increase overall compliance measurements
and mitigate losses across their entire portfolio. We are proud Westlake
Financial has named Primeritus as their ‘go-to' partner in this facet of their
collections cycle," Mappes went on to say.

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