Southlake, Texas– Peritus Portfolio Services, a leading purchaser of open bankruptcy auto secured paper from Auto dealers, Finance companies, Banks, and Credit Unions throughout the United States, recently announced an alliance with PassTime, a national provider of innovative GPS tracking and automated collection technology solutions to the specialized automotive finance industry.
As part of the alliance over 2,500 PassTime auto dealers will have direct access to the Peritus Portfolio Programs of purchasing performing and non-performing auto loans with specialization in the purchasing of open Chapter 7 and Chapter 13 bankruptcy accounts.
“We are very excited about this new partnership with Peritus,” said Chris Macheca, executive VP of operations for PassTime. “The ability to provide access to a finance company that specializes in buying bankruptcy portfolios will be another valuable addition to the array of solutions PassTime offers its customers”
Gary Perdue, President of Peritus Portfolio Services states, “This alliance not only greatly benefits both companies national dealer base with state of the art GPS tracking solutions, it equally benefits lenders and BHPH dealers with enhanced cash flow opportunities.” Perdue goes on to say, “ The alliance of our two programs is a natural fit as both companies focus on relationship building programs to assist the BHPH dealers across theUSA. We at Peritus Portfolio Services are proud to partner with such a reputable industry leader as PassTime, and our combined services will yield to a more effective way of conducting business for our dealers in the BHPH Automotive Industry.”
About Passtime
Headquartered inLittleton,Colorado, PassTime was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first Automated Collections Technology product. Over the next several years, a Suite of Products evolved that offer GPS tracking, wireless, and Automated Collections products and services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7CustomerCareSupportCenterfor partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services.
For more information about PassTime, please visit www.passtimeusa.com or call 877.passtime. Contact Jeff Karg, (Director of Corporate Communications) at [email protected]
About Peritus Portfolio Services
With corporate headquarters in SouthlakeTexas, Peritus Portfolio Services is a specialty finance company with concentration on purchasing auto secured bankrupt accounts, as well as performing non-prime and sub-prime auto loans. Current client list includes Franchised and Independent auto dealers with BHPH operations, as well as Banks, Finance companies and Credit Unions. Peritus also provides consulting services to small companies in the auto sales and finance industry nationally, with expertise in building business’s from ground up as well as “turnaround” operations.
For more information about Peritus Portfolio Services please visit: www.peritusservices.net or call Rod A. Heasley- Executive Vice-President at
(toll free) 866.831.5954 or e-mail to [email protected]
