OnlineBKmanager.com Partners With Consumer Portfolio Services
The bankruptcy marketing firm teams with Consumer Portfolio Services Inc. on a new marketing package that allows dealers to access services from both companies.
CHANDLER, Ariz. — www.OnlineBKmanager.com and Consumer Portfolio Services Inc. have partnered to expand the bankruptcy market to automobile dealers throughout the United States. This collaboration is designed to provide dealers with fresh BK leads while strengthening their relationship with Consumer Portfolio Services (CPS).
Through the program, subscribing dealers will receive substantial package discounts on www.OnlineBKmanager.com’s Lender Partner Program. The relationship also expands the reach of the program, which pairs dealers with lenders that focus on bankruptcy consumers.
“We currently provide our BK marketing program to dealers in all 50 states,” said www.OnlineBKmanager.com President Robert Davies. “This new relationship with CPS will allow us to add national coverage to our Lender Partner Program and help reach our growth expectations for this fiscal year.”
John Harton, vice president of marketing for CPS, said the new partnership is designed to help dealers maximize their marketing dollars. “CPS is very excited to be offering what we call the ‘BK Combo’ and look forward to the added value that this combination will bring to our dealers,” he said.
More Auto Finance
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →