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First Advantage CREDCO, Compli Launch New Compliance Tool
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
PORTLAND, Ore. — First Advantage CREDCO recently announced that it has partnered with Compli to offer a complete compliance tool set for dealers and their mutual customers. First Advantage CREDCO will combine its consumer data with Compli's on-demand compliance management software solutions. Participating ... [Read More]
XpressCredit Unveils Web-Based Lending Program for U.S. Choice Dealers
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. — XpressCredit has struck a deal with U.S. Choice Auto Rental Systems to provide the company's dealers with an online lending platform. Basically, XpressCredit dealers can now utilize the U.S. Choice program as a way to deploy current inventory to ... [Read More]
Assurant Specialty Property Expands Operations
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
ATLANTA — Assurant Specialty Property, a provider of creditor-placed homeowners insurance, auto collateral protection insurance and related services, announced plans to establish a second service center in Duluth, Ga. The new facility will be used to accommodate the company's growing auto ... [Read More]
Editor’s Note: Auto Remarketing Today to Pause Publication on Wednesday
Tuesday, Jan. 20, 2009, 12:00 AM
Nick Zulovich
CARY, N.C. — Due to inclement weather, the offices of Cherokee Automotive Group, publisher of the SubPrime News Update and Auto Remarketing Today e-newsletters, have closed on Tuesday. Because of this, there will be no Wednesday edition of Auto Remarketing Today. Publication is ... [Read More]
Dealers Can Now Offer a Repurchase Guarantee to Customers Via a New Service
Thursday, Jan. 15, 2009, 12:00 AM
Nick Zulovich
PALISADES PARK, N.J. — For dealers who may have had to deal or sell to a customer who is worried about their ability to continue making payments, there is a new product designed to help — a Vehicle Repurchase Guarantee. Vehicle Repurchasing ... [Read More]
GMAC Revamps Board, Chairman Resigns
Thursday, Jan. 15, 2009, 12:00 AM
Nick Zulovich
NEW YORK — As part of becoming a bank holding company, GMAC Financial Services announced some changes to its board of directors, including the resignation of chairman J. Ezra Merkin. Pursuant to the Federal Reserve System's order, GMAC's Board will be ... [Read More]
How are States Faring When it Comes to Bankruptcies Awaiting Discharge?
Thursday, Jan. 15, 2009, 12:00 AM
Nick Zulovich
PHOENIX — Officials from www.OnlineBKmanager.com recently broke down the number of bankruptcies awaiting discharge in each state. "We have been monitoring the steady growth of personal BK cases," said Robert Davies, president of www.OnlineBKmanager.com. "The good news is our dealer clients ... [Read More]
Payless Teams Up with OAG Indirect to Provide Auto Financing for Dealers
Thursday, Jan. 15, 2009, 12:00 AM
Nick Zulovich
TULSA, Okla. — OAG Indirect, one of the nation's leading auto finance companies, announced that it has agreed to partner with Payless Car Sales to provide custom retail financing services to Payless Dealers in 48 states. "An alliance with Payless Car ... [Read More]
Automotive Credit Corp. of Michigan Going Strong
Tuesday, Jan. 13, 2009, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. — Officials from Automotive Credit Corp., based in Michigan, reached out to SubPrime Auto Finance News late last week to report the company is thriving and expanding. In fact, Tony Stallworth, vice president of sales and marketing, said, "We ... [Read More]
Sekurus Launches Upgraded Version of ON TIME FLEX
Tuesday, Jan. 13, 2009, 12:00 AM
Nick Zulovich
MURRIETA, Calif. — Sekurus, the manufacturer of ON TIME, the patented starter interrupt system that ensures timely collection of customer car payments, recently announced the introduction of ON TIME FLEX XL, which is an upgraded version of its popular ON TIME FLEX ... [Read More]