US Equity Advantage is now integrated with Dealertrack’s menu and aftermarket network solutions, expanding its current reach in more than 4,000 dealerships nationwide.
Due to recent regulatory changes related to licensed money transmission, biweekly loan payment service provider US Equity Advantage has suspended business in 16 of the 50 states in which it does business.
US Equity Advantage has expanded its dealer services team to include business development specialists who will work directly with F&I managers at the company’s dealership partners.
US Equity Advantage, a provider of biweekly payment programs, has integrated with VisionMenu Inc.’s software-selling platform.
Billy Jackson has joined US Equity Advantage as a regional account manager. He will be responsible for servicing the company’s biweekly loan program with dealership partners across multiple states.
US Equity Advantage has transmitted more than $1.3 billion in loan payments for its members, while maintaining compliance with the money transmitter requirements related to licensing and bonding in all 50 states.
Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.
F&I veteran Karena Raino-Nevratakis has joined the company as regional account manager for the Western United States.
Dealers using Ristken’s Menu-Pro will not be able to quote US Equity Advantage’s biweekly payment product directly from the menu tool.
Automotive retail and F&I expert James Trueman joins the company as a regional account manager for the Northeast region.