Portfolio Servicing
CAR Financial Services provides payment processing and account servicing for third-party companies such as dealerships, finance companies, banks, and investment companies who hold or have acquired non-or sub-prime auto receivables.
Advantages to you:
- Provides dealers with experienced and stable servicing resource so they can focus on increasing sales!
- Gives lenders greater flexibility in the transition of an endangered investment when used in conjunction with our Back Up Servicing Program
- CAR has facilities and infrastructure that can be scaled to any portfolio size as needed.
- Weekly Reporting and distribution of funds via ACH that provides stability and confidence
- Custom Reporting available to fit a dealer’s needs or in order to fit bank requirements for securitization or asset backed lending structures.
- We charge only on what is collected – Pay for performance!
- We do document insurance records
- We handle all contract interval types (Monthly, Semi-Monthly, Bi-Weekly, and Weekly)
- We can service any account size and maturity
- We can service Leases too!
- We are online and integrated with most GPS and Starter Interrupt Device providers
- Servicing accounts can easily and quickly be sold to generate capital via any one of our Capital or Cash Flow Programs.
Program benefits:
- Increase your cash flow!
- Retain accurate account records!
- Fast account transfers so that delinquencies and bad debt are reduced
- Experienced staff with the latest in technology provide you with the most up to date resources