SubPrime Auto Finance News Staff

This week, two providers of vehicle service contracts enhanced their relationships with finance companies that often cater to consumers who fall into the subprime credit space. First, GWC Warranty, a provider of vehicle service contracts sold through dealers, announced a strategic alliance with Nicholas Financial, a... Read More

SubPrime Auto Finance News Staff

RouteOne and MaximTrak are continuing to respond to consumer demand for streamlined, digital completion of vehicle delivery. On Wednesday, the companies announced they tried to enhance the consumer experience with the ability to include MaximTrak aftermarket documents in the RouteOne eContracting package for a single,... Read More

Payscout unveils new self-service payment portal

SubPrime Auto Finance News Staff

On Wednesday, Payscout — one of the fastest growing privately held global payments processing providers in the U.S. — announced the launch of Condor, a new payment portal that can facilitate frictionless payment processing transactions between a business and its debtors through a front end portal, increasing... Read More

SubPrime Auto Finance News Staff

Fitch Ratings is keeping a close watch on how subprime auto finance paper is performing in a similar fashion to Equifax and  TransUnion. Analysts indicated that loss frequency and severity ticked up slightly from historically low levels for the largest U.S. auto finance companies, according to the... Read More

SubPrime Auto Finance News Staff

As opposed to the legitimate collections efforts put forth by dealerships, finance companies and their service providers, federal regulators are looking to curb unwanted phone calls that are out to swindle consumers. Two upcoming events will highlight cooperative efforts by two agencies to combat illegal calls and... Read More

SubPrime Auto Finance News Staff

Wise F&I and eLEND Solutions each recently expanded their executive teams, citing growth. First, over at eLEND Solutions, a provider in online and in-store finance and “deal-making” solutions for dealers, built its sales team with two proven auto finance sales leaders. Joe Peterson has joined as chief... Read More

SubPrime Auto Finance News Staff

AGORA recently bolstered its connections to human capital to delve into the debt space. The Texas-based provider of technology solutions for the financial services industry formed a partnership with Nancy Hughes — a leading debt acquisitions expert — in order to expand the scope of services and... Read More

SubPrime Auto Finance News Staff

Organizers of the North American Repossessors Summit (NARS) are hitting their 10th anniversary and received a reward from one of their leading sponsors. NARS — an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance — now has a three-year... Read More