MONTOURSVILLE, Pa. -- AutoTrakk LLC, a consumer finance company, has developed a program to offer short-term leasing (2-3 years) through new-car dealers to credit challenged customers on late-model used cars.

The AutoTrakk program incorporates weekly payments and an electronic payment reminder system to make the benefits of leasing available to consumers who would otherwise be unable to secure financing through more traditional sources. The electronic payment reminder system, which interrupts the car's starter if payments are late, substantially reduces the risk normally associated with financing cars to individuals with low credit scores.

AutoTrakk also reports to all major credit agencies every month. As a result, customers' prompt payments quickly become part of their overall credit history and contribute toward improving their total credit score.

AutoTrakk Founder and CEO Blaise Alexander identified the niche market in 2001 and created AutoTrakk to provide financing for consumers with credit scores below 500. "We understand that bad things can happen to good people," Alexander said. "Our most important consideration is not a consumer's credit score but what kind of person he or she is."

The AutoTrakk system enables franchised dealers to market late model, quality vehicles to an important and ever growing demographic: those with severely impaired credit.

AutoTrakk operations have resulted in five consecutive years of growth with the origination of more than 8,300 contracts in a franchise dealer base of nearly 200 dealers in eight states (Pennsylvania, New York, Maryland, Delaware, Virginia, West Virginia, Ohio and Michigan).