From the Federal Trade Commission Protecting America’s Consumers A How-To Guide for Business As many as nine million Americans have their identities stolen each year. Identity thieves may drain their accounts, damage their credit, and even endanger their medical treatment. The cost to businessess...

Completing the finance process with customers whose credit rating fall within the category of prime lending is typically a simple process. The criteria regarding credit history, residence and employment history, and budget are clearly defined and typically easy to meet by the customer.

Today, there is an immense selection of different lenders for dealers to choose from. Each lender will have different tiers of loan programs available and each will come with it’s own set of guidelines which must be met in order to secure an approval.   The following exercise is for example purposes...

A Finance Manager cannot operate alone.  A large part of your success as a Finance Manager is determined by how well you develop professional relationships.  This series of positive relationships extends beyond the dealership and its customers; in finance, in particular, success is dependent on many...

A Credit Bureau is an agency that gathers information about consumers’ credit relationships and provides creditors with credit reports and scores on consumers.   The sources for this information are: court records legal notices local businesses

Given the credit characteristics of many consumers today, you’ve probably worked with customers with credit problems.  The epidemic of late payment histories and other credit issues has only grown more commonplace in the recent economic downturn, making nonprime more vital than ever to the financial...

The Finance Department’s services focus attention on the benefits of financial arrangements and protection for both customers and their new vehicles. Today a good Finance Department adds substantially to a dealer’s survival in this economy.