Added by Christina Haberstroh on September 30, 2011 at 4:18pm — No Comments
You’ve probably seen it before: Commercials and print advertisements urging you to text “WIN” to “55555” in order to be the next lucky sweepstakes winner. While that seems like something you would pass up, what if consumers could receive useful information through a text about financing and vehicle facts just by watching a commercial?
While the car buying process moves closer to being largely online-based, consumers are looking for a social, entertaining, instantaneous experience.…Continue
Added by Christina Haberstroh on September 20, 2011 at 1:00pm — No Comments
Consumer Portfolio Services completed the sale to purchase Fireside Bank’s $237 million loan portfolio this week from parent company Kemper Corp. Fireside, which exited the auto business in March 2009, will retain $475 million of previously charged-off loans.
Irvine, Calif.-based subprime lender CPS manages a $1.9 billion portfolio, which consists of about 160,000 accounts. The Fireside acquisition…Continue
Added by Christina Haberstroh on September 16, 2011 at 3:00pm — No Comments
Added by Christina Haberstroh on September 15, 2011 at 1:30pm — No Comments
Added by Christina Haberstroh on September 14, 2011 at 2:30pm — No Comments
Ford Credit Europe is still feeling the effects of changes it made in the past few years to focus more on Ford brands. FCE Bank, as the Ford Motor Credit unit is called, reported lower profits for the first half of the year, though losses have improved.
Ford Motor Co. sold Jaguar and Land Rover to Tata Motors in 2008,…
Added by Christina Haberstroh on September 14, 2011 at 12:24pm — No Comments
This holiday season might prove to be the best time for consumers to treat themselves to a new ride, as captives prepare to give the gift of incentives.
Kelly Blue Book’s Market Report for September suggests that strong incentives later this year, in the form of cash and attractive lease offerings, may lure customers into dealerships, both foreign and domestic, for new vehicles.
Certainly, there is a…Continue
Added by Christina Haberstroh on September 12, 2011 at 2:00pm — No Comments
The Consumer Financial Protection Bureau’s Office of Servicemember Affairs is looking for feedback on consumer financial products and services tailored to service members and their families. The bureau has been gathering information to improve financial education and better protect consumers from abusive lending practices.
“Military families face unique challenges, especially when it comes to their finances,” said…Continue
Added by Christina Haberstroh on September 8, 2011 at 12:00pm — No Comments