ALAMO, Calif. – Global Debt Network Inc. has announced a new partnership with online dealer/lender platform CreditSmarts.com. GDNAuto, the first nationwide online loan portfolio transaction platform, believes the new partnership will allow dealerships to originate more loans and turn their existing portfolios into operating capital and inventory.
“This partnership extends the market reach of both companies,” said Mike Sheridan, president of GDNAuto. "Through CreditSmarts, auto dealers have an efficient way to operate their POS programs. With Global Debt Network, dealers who provide in-house financing can convert their seasoned loans into cash."
Riverside, Calif.-based CreditSmarts.com is an online platform that serves as a real-time connection between dealerships and lenders. The site was designed to give lenders access to more loan applicants and enable dealers to expand their customers’ credit options, conduct the loan application process, and maintain a full-service auto lending operation.
“With today’s economy, many car buyers are finding it difficult, if not impossible, to qualify for an auto loan without help,” said Sean Ryan, founder and CEO of CreditSmarts.com. "Increasingly, they are looking to their dealership for a loan and, in turn, dealers are seeking ways to obtain faster access to credit and build a broader range of relationships with lenders. By aligning with GDNAuto, we are able to offer our customers yet
another way to link with lenders and for both to boost their profit potential.”