SFG Finance Names PassTime USA its Preferred Vendor

Arlington, TX (PRWEB) February 03, 2012

SFG Finance LLC (http://www.sfgfinance.com), a purchaser of auto paper from BHPH dealers, new car franchise dealers, finance companies, banks and credit unions, today named PassTime USA (http://www.passtimeusa.com), the industry leader in high-tech GPS tracking and Automated Collection Technology solutions as its preferred vendor for its loan purchasing programs.

SFG Finance recently launched a new loyalty program to help dealers thrive in todays competitive environment by utilizing top companies in the industry that are the best at what they do. The program provides a real value-add and we are delighted to have an industry leader such as PassTime USA be associated with our program, said SFG Finance COO Henry Gonzalez.

SFG Finances National Subprime Loan Portfolio Program purchases performing vehicle loans, providing needed capital and allowing dealers to achieve greater liquidity in their business ventures. Additionally, sellers of portfolios will be provided a credit toward the purchase of PassTime devices. We feel by helping a dealer purchase an item they need, and are already using, we add value to their bottom line, Gonzalez stated.

PassTime USA offers GPS tracking and its own Automated Collection Technology (ACT) solutions to its customers in the BHPH and subprime finance industry. Its wide range of products and services, superior 24/7 live customer support, and industry expertise provide customers with a complete package for protecting their assets and managing their portfolios.

“We are very excited about being selected as SFGs preferred vendor for their new program,” said Jake Frank, co-founder of PassTime. “The ability to provide access to a company that specializes in buying BHPH portfolios is another valuable addition to the array of solutions we provide our customers.

SFG Finances recently launched program purchases existing near prime, subprime, and BHPH auto loan portfolios from franchised and independent auto dealers, as well as finance companies. Portfolio sizes range from $ 500,000 to $ 150 million, are held on the balance sheet and serviced internally.

The program is highly efficient with a seven to ten day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since its inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies in more than 30 states.

Funding for the program is made possible by SFGs parent bank, with the additional advantage of a more stable cost of funds and without the need to securitize. SFG Finance offers complete transparency and up-front pricing based upon its superior analytics. A due diligence team will evaluate all loans in order to maximize the selling dealers return without interrupting the dealerships existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with $ 3.2 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.

Media Contact:

William Donnelly

817-635-5127

About PassTime

Headquartered in Littleton, Colorado, PassTime was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first Automated Collections Technology product. Over the next several years, a Suite of Products evolved that offer GPS tracking, wireless, and Automated Collection Technology products and services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7 Customer Care Support Center for partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services. For more information about PassTime, please visit http://www.passtimeusa.com or call 877-PASSTIME. Contact Jeff Karg, director of corporate communications at jkarg(at)passtimeusa(dot)com.

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SFG Finance Announces New PassTime Usa System with No Upfront Gadget Fees

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.

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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.

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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.

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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.

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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.

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About SFG Finance:

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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

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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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