ATLANTA, Ga. — Global Lending Services, a finance source specializing in secondary financing, announced it is actively purchasing automobile finance contracts in 19 states. Since the purchase of the assets and platform of Resurgent Auto Finance in August 2012, GLS has been focused on expanding its purchasing ability and geographic reach, according to company officials.
When GLS purchased Resurgent assets, it was operating in four states: South Carolina, North Carolina, Georgia and Virginia. Since October, GLS has successfully expanded into 15 more states and continues to grow its contract purchasing territory. The 19 active states include: Alabama, Delaware, Florida, Georgia, Indiana, Illinois, Kansas, Kentucky, Maryland, Missouri, Michigan, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin.
"I'm very pleased with the execution of the national expansion,” GLS Founder and Chairman Douglas Duncan said. “While expanding, we have been able to maintain high levels of customer service, including credit and funding response times. As for the future of GLS, I'm excited; we look forward to developing lasting dealer and customer relationships nationally."