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Universal Special Auto Finance Rolls Out New Programs
Thursday, Jun. 12, 2008, 12:00 AM
Nick Zulovich
GREENWOOD VILLAGE, Colo. — Universal Special Auto Finance reported this week that it continues to make its mark in auto finance with Universal PrimeTM, its new, progressive program for prime consumers. Universal officials said the company has "thrived in the subprime ... [Read More]
Sekurus Launches Financial Services Product
Thursday, Jun. 12, 2008, 12:00 AM
Nick Zulovich
MURRIETA, Calif. — Sekurus, the manufacturer of the ON TIME payment protection system, announced this week that it has formed Sekurus Financial Services, a full-service accounts management program developed for dealers and financial institutions that serve the subprime buy-here, pay-here auto ... [Read More]
VantageILM to Integrate Global Debt Network’s Portfolio Auction Platform
Thursday, Jun. 12, 2008, 12:00 AM
Nick Zulovich
PASADENA, Calif. — VantageILM recently announced a joint partnership with Global Debt Network to offer GDNAuto, an Internet-based marketplace where dealers and financial institutions can sell and buy portfolios of seasoned auto loans. "VantageILM's goal is to streamline and simplify the ... [Read More]
Direct Marketing Associates Launches Money-Back Guarantee
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
PHOENIX — Direct Marketing Associates Corp. announced this week that it is now offering a money-back guarantee on its www.OnlineBKmanager.com marketing system. Upon celebrating its 13th anniversary, the company said it unveiled the industry's first Return on Investment Guarantee to answer ... [Read More]
NABD Announces Details of Underwriting & Collections Conference
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
HOUSTON — The National Alliance of Buy Here, Pay Here Dealers announced earlier this week that it will hold its second annual training conference covering Underwriting & Collections in Houston on Nov. 2 to 4. More than 600 attendees are expected ... [Read More]
Fed: Average Interest Rate at Auto Finance Companies Inches Upward
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
WASHINGTON — After a downtick in February, the average interest rate of a new-vehicle loan at auto finance companies crept upward in April. According to data released by the Federal Reserve, the median interest rate at auto finance companies came in ... [Read More]
Top Execs from Non-Prime Lenders Discuss State of Industry
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
FORT WORTH — While several interesting topics and panels were the focus of this year's National Auto Finance Association's Non-Prime Auto Financing Conference, the highlight of the conference was a panel consisting of the top executives from AmeriCredit, Triad Financial and ... [Read More]
ABI: Bankruptcy Filings Rise Through 1Q
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — As escalating household debt has continued its grip throughout the first quarter of 2008, bankruptcy filings in the U.S. have remained on a steep climb, according to the American Bankruptcy Institute. Citing data from the Administrative Office ... [Read More]
AppOne Strikes Deal with myEZCarCare
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne announced Wednesday that it has partnered with myEZCarCare to be the official portal solutions provider of the company's maintenance programs to independent dealers. Under the agreement, dealers utilizing the AppOne platform can offer myEZCarCare's preventive maintenance ... [Read More]
Nomis Solutions Launches Negotiation Product
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
SAN BRUNO, Calif. — Nomis Solutions has introduced a new product that is designed to allow credit analysts and underwriters to create tailored offers that can meet dealer and customer needs but also meet their own business objectives during negotiation. Nomis ... [Read More]