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Nonprime Finance Company Celebrates 15 Years

June 28, 2004

HUNTINGTON BEACH, Calif. -– This year marks the 15-year anniversary of Triad Financial, the fourth largest loan issuer in the U.S. subprime/nonprime market in 2003 according to Standard & Poor's.

Founded by Jim Landy and Helen Kraus, the Huntington Beach, Calif., based firm has grown from less than a dozen employees in 1989 to over 1,200 employees. It manages just under $4 billion in receivables. Triad provides subprime auto lending through more than 7,500 auto dealers in 32 states. The company expects continued growth throughout the year with plans to purchase more than $2 billion in new loans.

A focus on developing relationships with dealers rather than mechanically transacting a deal has enabled both Triad and its dealer partners to meet their customers' changing needs. "I'm thankful of the relationships we've developed over the years with dealers throughout the country," said Jim Landy, chief executive officer. "Their support has helped us to succeed."

To finance its significant growth, Triad has issued more than $4 billion of AAA-rated securities backed by the loans it makes and has relationships with large international institutional investors.

Triad Financial Corp. is a wholly owned subsidiary of Ford Motor Credit Co. that specializes in nonprime auto financing.

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