Consumer Portfolio Services Joins Finance Express Lender Platform
RANCHO SANTA MARGARITA, CA, September 13, 2007. Finance Express, which operates the first dealer management system with an integrated auto finance platform specifically designed for independent used car dealers, announces the addition of Consumer Portfolio Services, Inc. ("CPS") to its lender platform. CPS is a specialty finance company that provides indirect automobile financing to individual borrowers with past credit problems, low incomes, or limited credit histories. CPS is one in a series of many new lenders to join the Finance Express system, furthering the company's objective of offering numerous lender options within every credit tier.
"Our independent dealer clients need compelling financing programs for every level of car buyer, especially the increasing segment of credit-challenged individuals," comments David Huber, President of Finance Express. "CPS programs offer generous vehicle advance and terms, giving dealers many ways to finance their sub-prime buyers."
"We are excited about this opportunity with Finance Express and look forward to a long and mutually beneficial partnership," adds Curtis Powell, Senior Vice President of Marketing for CPS.
About Finance Express
Finance Express is the leading dealer management system designed specifically for the independent dealer. The Finance Express system includes inventory management, credit application processing, contracting, links to lending sources, buy here pay here, dealer management tools, loan servicing, accounting systems integrations, licensed escrow services, and more. The Finance Express platform provides dealers online access to an end-to-end dealer management solution, while providing a secure environment for participating lenders. For more information about Finance Express visit www.financeexpress.com.
About Consumer Portfolio Services, Inc.
Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. CPS purchases retail installment sales contracts primarily from franchised automobile dealerships which are secured by late model used vehicles and, to a lesser extent, new vehicles. CPS funds these contract purchases on a long-term basis through the securitization markets and services the contracts over their lives. CPS is headquartered in Irvine, California and has three additional servicing branches in Virginia, Florida and Illinois.
Source:
Finance Express Corporate Communications
949.635.5892
