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Household Joins DealerTrack

by Staff
January 22, 2003
2 min to read


DealerTrack, a technology services company that accelerates the

entire dealer-to-creditor relationship through a Web-based platform, announced an alliance

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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

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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

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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

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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

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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,

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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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