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Click below for information about the buying
of:
sub-prime auto loan portfolios
Basic criteria for auto loan portfolios:
- Portfolios must be a minimum of $5 million total current loan balance.
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Autos must be located in Oregon, Washington, California, Utah, Arizona or Texas.
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Max. 125,000 miles on any car.
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Max. age fo automobiles: 7 years.
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Auto price should "match" the borrower. Credit, income level, etc.
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No current bankruptcies. Only one bankruptcy in the past. Discharged for at least 2 years.
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Overall credit may show some "dings" (charge offs and delinquencies) but with
efforts to pay, even if irregular.
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No "lemon law" cars. Must not have been returned to the wholesaler or
manufacturer because of defects. Such cars are often then auctioned off with
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Incorrect mileage, and other "hidden" problems.
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All payments must be made on a monthly basis, whether by check, in cash at
the window, or by money-order at the window, or to the finance company.
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All loans must be current with at least 6-to 8 months of payment history.
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All loans must be sold servicing released. The buyer services their own loans from one office.
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Borrowers must be employed at the time the loans are originated.
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Credit scores should be in the mid-500’s range, or higher.
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Full auto loan portfolio packages with all usual documents are required.
PLEASE SUBMIT AUTO LOAN PORTFOLIOS IN EXCEL FORMAT WITH THE FOLLOWING HEADERS
Account # - Borrower/Leases - City - State - Zip code -
Contract Date - Orig. Term
Orig. Loan Balance - Current Loan Balance - Down Payment - Payment Freq. - Payment -
Monthly Payment - Maturity Date - Vehicle Cost - Rate - Year - Make - Model - VIN # -
Mileage - Date Last Paid - Credit Score - Payments Made - Days Past Due - Paid through Date -
Last Payment $ - Remaining Term - Book Value - Late Charges Due - Late x 30 days -
Late x 60 days - Late x 90
CONTACT BARCLAY ASSOCIATES TO SELL YOUR AUTO LOAN
PORTFOLIOS
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How to Contact Us
E-mail-Click here ==>
barclay@netcarrier.com
Fax: 206-337-8435
Please DO NOT PHONE this Fax number. It IS NOT A PHONE NUMBER and is only
for FAXES.
Send us an E-mail with some details of your
financing request and we will then reply via e-mail with our phone number and full contact
information.
BARCLAY ASSOCIATES - Cherry Hill NJ
Copyright © 1997-2012 JS Inc./Barclay Associates-All Rights Reserved
Please e-mail or fax us with your financing request. Click on the e-mail address above. It is important to send your:
Full name, PHONE NUMBER and a paragraph or two describing your financing needs. Please do not forget to include your PHONE NUMBER.
BROKERS and other intermediaries- WE WELCOME BROKERS. It is EXTREMELY IMPORTANT that you [CLICK HERE] to obtain full information about our referral fee program and our referral fee rates to brokers.
- We DO NOT finance residential properties-only commercial
- PLEASE DO NOT SEND faxes over 5 pages without calling us first.
- We DO NOT have funders for commercial mortgages or business financing outside of the United States.
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FINANCING FOR:
[Apartment buildings]
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[Industrial buildings]
[Real Estate Developers]
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[Mini storage facilities]
[Mobile home parks]
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MINIMUM LOAN AMOUNTS
- INCOME PROPERTIES - COMMERCIAL MORTGAGE LOANS- (apartment and office building loans, self storage units, mobile home park financing, strip centers etc.- not raw land/land developer loans) - $500,000 minimum loan amount. ($650,000 minimum if referred by broker) Multi-family (apartment buildings) must be 8 units or more (in NJ, 10 units or more).
- RAW LAND LOANS OR LAND DEVELOPMENT LOANS (No lenders currently available as of July 2O11)
- OTHER BUSINESS LOANS (Non SBA) - $500,000 minimum loan amount $660,000 minimum if referred by broker)
- FACTORING AND ASSET BASED FINANCING (loans based on receivables, inventory, equipment & real estate) - loan amount $800,000 ($1,200,000 if referred by broker).
- OTHER TYPES OF FINANCING NOT INCLUDED ABOVE - contact us for minimum loan amounts.
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Copyright © 1997-2012 JS Inc./Barclay Associates-All Rights Reserved |
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