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CarFinance Capital and Flagship Credit Acceptance will be merged into one subprime auto finance source. The combined company, which will be managed Flagship CEO Michael Ritter, will have total assets in excess of $2 billion.
Read More →The below-prime finance source also announces the completion of a new $100 million senior lending facility with Barclays Bank PLC, and plans to open a Western regional office in Phoenix, Ariz.
Read More →Flagship announced that it has entered into an agreement with Wells Fargo Bank to renew and increase its commercial credit facility to $175 million.
Read More →Flagship Credit Acceptance announced the appointment of two sales executives to help expand and develop the company’s national sales force.
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Things are looking up for the below-prime segment, but our analyst warns that there still may be trouble ahead for the finance companies and dealers who serve that segment.
Read More →Flagship Credit Acceptance’s Portfolio Acquisition Program will purchase existing portfolios of nonprime and subprime loans from auto dealers and finance companies across the United States.
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