Peritus Portfolio Services, which services auto-secured Chapter 7 and Chapter 13 bankruptcy loans, announced this week that its total outstanding balances currently under management now stands at more than $100 million.

President Gary Perdue, who founded the company five years ago, said, “We are excited about our business and what we offer to the auto finance market. 

“We exclusively service auto loans in bankruptcy proceedings,” Perdue continued. “Management and most of our service employees have many years of experience in the auto finance industry, and as a result I believe our performance exceeds those companies that service multiple product lines”

Peritus offers a variety of levels of service that ranges from filing proof of claims, handling reaffirmations, and monitoring, to full liquidations servicing. Peritus also has a solution for buy-here, pay-here dealerships that wish to sell portfolios of auto-secured bankrupt accounts.

“We have found that Peritus stands out well above others in their specialized field,” said Sam Ellis, chief executive officer of DriverUp, parent company of Sierra Auto Finance.

“They maximize recoveries for lenders, but still place priority on truly helping the consumers, and do more than just the minimum required to be federal bankruptcy law compliant,” Eillis added. “They are really good at what they do.”

Peritus works with clients of all sizes, from buying and servicing accounts from BHPH dealers to servicing portfolios for one of the largest debt buyers in the U.S.

“I have been in the auto finance industry for over 25 years,” Perdue said. “I focused on bankruptcy because I saw an opportunity to help small buy-here, pay-here dealers as well as large auto finance companies increase recoveries, while reducing overhead.” 

For more information on Peritus Portfolio Services, go to www.peritusservices.com or send a message to info@peritusservices.com.