ARLINGTON, Texas (PRWEB) June twenty, 2012
SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH sellers, new auto franchise dealers, finance companies, banks and credit score unions, right now announced that it has partnered with PassTime Usa (http://www.passtimeusa.com), the business leader in substantial-tech GPS tracking and Automated Assortment Technologies options, for SFG Funds new financial loan buying plan.

The new software will provide competent loan companies unparalleled entry to PassTime merchandise with no upfront device price to the dealer or initial financial institution whilst offering them obtain to essential cash and liquidity by means of their relationship with SFG Finance. Experienced loan providers with SFG Finance can order PassTime goods for no upfront value as long as the mortgage is offered to SFG Finance inside the specified time period.
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PassTime United states of america delivers GPS monitoring and its personal Automatic Selection Technologies (ACT) answers to its customers in the BHPH and subprime finance business. Its wide variety of merchandise and providers, outstanding 24/7 reside buyer support, and sector skills provide consumers with a complete package for safeguarding their belongings and controlling their portfolios.

This program is not like anything at all we have at any time observed in the market. It is an wonderful prospect for our clients to get PassTime gadgets for no upfront price on the certified financial loans they promote to SFG Finance, stated PassTime Government VP of Functions, Chris Macheca. Its truly a successful scenario for everybody included.

SFG Finances system purchases existing in close proximity to prime, subprime, and BHPH car financial loan portfolios from franchised and independent car dealers, as properly as finance businesses. Portfolio sizes range from $ 500,000 to $ one hundred fifty million, are held on the balance sheet and serviced internally.

We have launched programs in the previous that include credits or rebates to original creditors for the cost of PassTime products. This is taking it a action more. Now the dealer or initial loan provider can purchase, set up, and employ PassTime units with no upfront value to them, mentioned SFG Finance COO, Henry Gonzalez
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Funding for the system is manufactured possible by SFGs mum or dad lender, with the added gain of a more steady price of funds and without the need to securitize. SFG Finance provides full transparency and up-front pricing dependent upon its superior analytics. A owing diligence crew will consider all financial loans in purchase to increase the promoting sellers return without having interrupting the dealerships present organization, guaranteeing a seamless transition.
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The system is at the moment available. Remember to speak to SFG Finance or PassTime for a lot more data about signing up.

About SFG Finance:

SFG Funds tagline is: Turning Paper into Revenue One particular Relationship at a Time. The company is an active purchaser of automobile finance receivables and its government administration group has over seventy five a long time of blended business experience. It is a wholly owned affiliate of Southside Bank, 1 of the nations biggest impartial banks with $ 3.2 Billion in assets. SFG Finance buys sub-prime via around key vehicle paper, servicing launched, from banking companies, credit score unions, car dealers, and other financial institutions nationwide. The companys intense pricing and experience across all credit spectrums make it an sector leader. For far more info visit: http://www.sfgfinance.com or call: 866-590-7734.
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Media Get in touch with: William Donnelly&#thirteen
817-635-5127

About PassTime
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Headquartered in Littleton, Colorado, PassTime was established in 1992 the PassTime Suite of Goods is developed to boost client payment performance and lessen default and repossession dangers. In 1997, PassTime produced its initial Automatic Collections Engineering item. In excess of the next many a long time, a Suite of Items advanced that provide GPS monitoring, wi-fi, and Automatic Assortment Technology goods and services created to satisfy the needs of a highly varied industry of car dealers and particular finance businesses. PassTime options aid larger costs of return on funding based mostly on enhanced consumer payment efficiency. PassTime prides by itself on a 24/7 Client Treatment Help Centre for partners, lenders, dealerships, and finish-consumer customers. More than the earlier ten years, PassTime has sustained industry leadership with its revolutionary products and providers. For much more data about PassTime, remember to go to http://www.passtimeusa.com or get in touch with 877-PASSTIME. Get in touch with Jeff Karg, director of corporate communications at jkarg(at)passtimeusa.com.
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