1. Accepts B, C & D credit loans

2. No minimum or maximum loan amount

3. Loans terms to 66 months

4. No * reserves (* small reserve for 60 days to allow for redirection of payments)

5. No recourse to dealer

6. No limit on the amount of loans that the dealer can sell under program

7. Loans DO NOT have to be current (Can be in bankruptcy)

8. Paying up to 90¢ on the dollar (Based on customer aging statement and year of car)

9. Portfolio pricing in 24 hours

10. Funding in 7-10 Days

3. Collateral - 1992 & newer vehicles

4. Mileage - No cars over 120k miles

5. Down payment - Minimum 10% cash or trade equity

6. Interest Rate - Minimum 19% Maximum - 28%

1. Furnish an MS EXCEL FORMATTED  spreadsheet file via e-mail or floppy disk detailing exact terms of all loans to be considered. (See Sub-Prime Auto Loan Portfolio Spread Sheet / Floppy Disk Requirements)

2. Send 15-20 Randomly Sampled files via overnight delivery to our office.  Files MUST include the following:

1. The Credit Application

2. The Credit Bureau

3. The Sales Contract

4. The Buyer's Order

5. Pay History

A proposal will be provided based on the sample file and the receivables identified for sale.

3. The entire process takes 7-10 days

The spreadsheet file or floppy disk in EXCEL FORMAT should contain the following:

1. Account #

2. Name of payor / buyer

3. City & State of payor / buyer

4. Year, make and model of vehicle (VIN # optional)

5. Amount Financed

6. Interest rate & APR

7. Original term of loan

8. Specify whether Simple Calculation or Rule of 78

9. Exact payment amount

10. First payment due date

11. Date last payment was received

12. Next payment due date

13. Number of payments made

14. Number of payments remaining

15. Number of days past due (can be up to 59 days)

16. Balance remaining - specify if Gross or Net (prefer the Net balance)

17. Mileage of each car

Optional:

1. Credit scores (if you have them)

2. VIN #'s