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10th Annual NABD Conference Kicks Off Today
Tuesday, May. 6, 2008, 12:00 AM
Nick Zulovich
LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers kicks off today at the Las Vegas Hilton, beginning several days devoted to education and networking. In a time when more people are having credit problems, it has never been more important ... [Read More]
Companies to Offer Expert Advice to BHPH Dealers
Tuesday, May. 6, 2008, 12:00 AM
Nick Zulovich
LAS VEGAS — Two vendor presentations, along with a welcome reception, will take center stage today as the National Alliance of Buy-Here, Pay-Here Dealers conference begins. At 1 p.m. to 2 p.m. PassTime Security Systems, PayTeck Pay Technologies and Sekurus/OnTime, will ... [Read More]
Consumer Bankruptcies Spike in April
Tuesday, May. 6, 2008, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — Mirroring widespread financial woes in the American economy, the number of the U.S. consumer bankruptcy filings are on a significant upswing, indicated recent findings. According to the American Bankruptcy Institute (using data from the National Bankruptcy Research Center), the ... [Read More]
Daimler Financial Expansion Set to Boost Texas Economy
Tuesday, May. 6, 2008, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — According to recent data from a research group, Daimler Financial Services Americas' upcoming expansion into north Texas could significantly bolster the area's economy and bring more than 200 new jobs. Insight Research of Dallas estimated that the ... [Read More]
Attorneys Offer Free Online Class-Action Lawsuit Prevention Seminar
Tuesday, May. 6, 2008, 12:00 AM
Nick Zulovich
PORTLAND, Ore. — Compli recently announced that two attorneys with industry expertise will be presenting a free online seminar discussing issues pertaining to class-action lawsuits. Aaron Jacoby of Venable, LLP, and Rob Cohen of Auto Advisory Services are hosting "Class Action ... [Read More]
Fiserv Acquires LOS Technology from Portellus
Tuesday, May. 6, 2008, 12:00 AM
Nick Zulovich
BROOKFIELD, Wisc. — Fiserv recently announced that it has purchased the rights to the Portellus loan origination system technology in an effort to streamline the origination of its mortgage, consumer and commercial loans to one program. "This technology brings opportunities that ... [Read More]
Auto Group Develops Unique Plan to Help Customers with Payments While Also Ramping Up Business
Thursday, May. 1, 2008, 12:00 AM
Nick Zulovich
JAMAICA, N.Y. — In response to the challenging economic times, one dealer has come up with a unique solution that not only helps customers with their payments, but also drives new business into the stores. What is the idea? Nemet Auto Group, based ... [Read More]
CPS Trims Contract Purchases as Delinquencies Increase
Thursday, May. 1, 2008, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced a climb in managed receivables and took action to reduce contract purchases in the first quarter to better stay in line with the current economic environment. For the quarter, CPS said it purchased $176.1 ... [Read More]
USA Computer Systems Takes BHPH/Subprime DMS System to the Web
Thursday, May. 1, 2008, 12:00 AM
Nick Zulovich
TRENTON, Maine — USA Computer Systems' chief operating officer recently announced that in addition to accepting reservation dates for its early fall installation process, his company's DMS, The Answer, is going Web-based. Basically the company is moving from its current Microsoft ... [Read More]
Two Out of Three National Auto Lenders Cut Originations
Thursday, May. 1, 2008, 12:00 AM
Nick Zulovich
McLEAN, Va. — Capital One and Wells Fargo, two out of three national auto lenders SubPrime Auto Finance News reviewed, reported reductions in origination volume and tightened their auto lending standards during the first quarter. The last, Chase, interestingly enough, actually ... [Read More]