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AppOne Forms Alliances to Boost Aftermarket Services
Wednesday, Oct. 11, 2006, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne — a provider of Internet-based risk mitigation and financial technology to banks, auto finance companies and independent dealers — announced that it has entered into two alliances to increase aftermarket support for its nationwide dealer ... [Read More]
Finance Express President Shares Benefits of RouteOne Partnership
Wednesday, Oct. 11, 2006, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif., and FARMINGTON HILLS, Mich. — Finance Express and RouteOne executives first began discussing an alliance a year and a half ago; however, it wasn't until the last month or so that the two companies entered into ... [Read More]
Carbiz Plans Expansion to 15 Stores, New CFO Named
Wednesday, Oct. 11, 2006, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — Carbiz recently announced plans to expand from three stores to 15, in addition to appointing Stanton Heintz as the company's chief financial officer. The company specializes in the buy-here, pay-here segment of the market in Florida. "We ... [Read More]
Chrysler Financial Expands Alliance with CitiFinancial Auto
Wednesday, Oct. 11, 2006, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — Chrysler Financial, a unit of DaimlerChrysler Financial Services Americas, recently announced it has expanded its non-prime financing alliance with CitiFinancial Auto. "Chrysler Financial is delighted to join with CitiFinancial Auto in support of our Chrysler, Jeep ... [Read More]
Experian Enhances Anti-Money Laundering Detection Platform
Wednesday, Oct. 4, 2006, 12:00 AM
Nick Zulovich
COSTA MESA, Calif., and TORONTO — Experian recently announced enhancements to its anti-money laundering detection platform to provide additional capabilities and flexibility for financial institutions as they monitor, investigate and report suspicious monetary activity. The company has added advanced risk ... [Read More]
Lee & Mason of Maryland Offers Debt Protection Programs for Auto Lenders
Wednesday, Oct. 4, 2006, 12:00 AM
Nick Zulovich
HUNT VALLEY, Md. — Lee & Mason of Maryland Inc. is now offering auto lenders an innovative new program called Debt Protection that is designed to help increase loan contract volume, decrease delinquencies, increase fee income and more. Debt Protection ... [Read More]
Flex Fund Financial Services Introduced
Wednesday, Oct. 4, 2006, 12:00 AM
Nick Zulovich
NEWPORT BEACH, Calif. — Several industry veterans recently launched Flex Fund Financial Services to provide used-inventory floor-planning services for dealers and salvage buyers. Discussing the new company's services with SubPrime Auto Finance News, Cliff James, Flex Fund's chief executive officer ... [Read More]
GMAC Finds Consumers Need Better Credit Report Knowledge
Wednesday, Oct. 4, 2006, 12:00 AM
Nick Zulovich
DETROIT — In a recent survey, GMAC discovered that the majority of consumers are well-informed about the vehicle-purchasing process; however, executives said shoppers could take more time to understand their credit scores before reviewing financing options. Meanwhile, AAA reports that ... [Read More]
Ford Credit Announces Restructure Plans, Wagner to Retire
Monday, Oct. 2, 2006, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced it is consolidating and centralizing most of its originations and servicing operations in the United States to help reduce costs and improve process efficiencies. Moreover, the company said it is making salaried personnel ... [Read More]
Credit Acceptance Completes Credit Facility, AmeriCredit Announces Asset-Backed Securitization
Wednesday, Sep. 27, 2006, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich., and FORT WORTH, Texas — Credit Acceptance Corp. recently announced the completion of a $50-million credit facility, while AmeriCredit announced its 55th asset-backed securitization for $1.2 billion. Credit Acceptance Corp. said it completed a $50-million credit facility with ... [Read More]