DealerTrack, a technology services company that accelerates the
entire dealer-to-creditor relationship through a Web-based platform, announced an alliance
with Household Auto Finance, a subsidiary of Household International. Household now
participates in the Web-based DealerTrack™ auto finance platform in 12 states, with a nationwide
rollout planned within the next 30 days.
According to the company, dealer customers of Household who use DealerTrack are now able to electronically transmit credit
applications to Household, as well as a range of other creditors already on the system, and receive
fast response back on decisions. In addition, dealers are able to transact other financing-related
processes, such as monitoring application status changes, accessing low-cost credit reports and
processing contracts electronically.
"The DealerTrack platform is well-established within the automotive finance community," said Tom
Reddick, director of E-commerce for Household Auto Finance. "By joining the platform, our
organization has already experienced positive results, including an increase in credit application
and contract volume and enhanced service for our dealer customers."
"Household Auto Finance is clearly committed to making dealer-to-creditor transactions as efficient
as possible," said Mark O'Neil, DealerTrack president and CEO. "We're thrilled that a creditor who
shares DealerTrack's mission of using innovative technology to improve the dealer/creditor
relationship has joined our platform."
About DealerTrack
With over 18,000 dealers and 23 lenders currently connected, DealerTrack is an independent web-based platform that automates and accelerates the entire dealer-to-lender
relationship, from financing to daily information sharing. The DealerTrack platform enables
application processing, credit bureau access, electronic contracting and lease comparisons - all in
one integrated solution. More information on DealerTrack is available at
www.dealertrack.com or by calling 877-357-8725.
About Household
Household's businesses are providers of consumer loan, credit card, auto finance and credit
insurance products in the United States, United Kingdom and Canada. In the United States,
Household's largest business, founded in 1878, operate under HFC and Beneficial. Household is also one of the nation's
largest issuers of private-label and general-purpose credit cards, including The GM Card and the
AFL-CIO's Union Plus card. For more information, visit the company's Web site at www.household.com.
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