Merchants Launches Right Direction Financial Services, Inc.
HOOKSETT, N.H., Nov. 4, 2014 /PRNewswire/ -- Merchants Automotive Group announces the launch of Right Direction Financial Services, Inc. Right Direction Financial Service's mission is to provide automotive loan financing for individuals who desire to rebuild or establish their credit through a vehicle loan.
Right Direction Financial Services, Inc. ensures its customers can have affordable payments on a high quality, certified pre-owned automobile. The program conveniently aligns the loan payment due dates to correspond with the customer's pay dates. It also reports the customer's payment history to all of the major credit reporting agencies; helping them to improve credit history.
Formerly known as the Buy Here Pay Here program, Right Direction Financial Services, Inc. currently holds over $11M in assets and services over 850 accounts in the Manchester, NH area. It is being managed by Patrick Inks, Merchants' Director of Retail Credit and Collections. Patrick holds over 25 years of experience in the financial services industry, including working with Harley-Davidson, Bank of America, Green Tree Financial, Navigator Acceptance and Security Pacific Bank. He was class president of the American Financial Services Association Executive Management Development Program, received an MBA degree from University of Nevada, Reno and his BS degree in Finance from Indiana University.
Glen Villano, CEO of Merchants Automotive Group, commented, "Merchants has a long-standing reputation for serving our community. A few years ago, we identified an opportunity to assist those in need of reliable transportation while rebuilding or establishing their credit histories. Hardships can happen to anyone and without adequate transportation, especially in a climate like ours, how can one get to work and other destinations in order to earn a living and re-establish their credit standing? To meet this need, we launched our captive finance / buy-here-pay-here program. We have successfully met our initial goal of helping over 1,200 customers purchase their quality vehicles ad have received several stories from our customers expressing their gratitude for how our financing program helped them to improve their credit scores, qualify to purchase their new homes, and establish credit relationships with great loan terms through traditional banks and credit unions."
He continued, "We are thrilled that this program has been so successful while also serving as a way to give back to the community that has been so good to our employees, families, and business for over 50 years. And we are delighted to be able to announce the creation of our new vehicle finance company, Right Direction Financial Services, Inc., that will continue to provide this valuable service for many new customers in the years to come."
The program features its own website www.rightdirectionfinancial.com and will allow customers to make payments through the web in the coming months. For more information on Right Direction Financial Services, Inc. please visit the website or speak with a customer service representative directly at 1-844-655-0374.
About Merchants
For over 50 years Merchants has enjoyed continuous growth and expansion due to its outstanding commitment to its customers and employees. Merchants Auto in Hooksett, NH has been a premier local used car dealer, service center and daily rental provider. Merchants Fleet Management, their national division has achieved top 10 in the U.S. offering specialized fleet management programs to commercial and government agencies. They offer a unique approach to closed-end leasing, traditional open-end options as well as comprehensive fleet services, strategic consulting and technology. For more information about Merchants, visit www.merchantsauto.com and www.merchantsfleetmanagement.com or call directly 1-800-AUTO-999.
Contact:
Jessica Heizer, Marketing Communications Specialist, 603-606-4514, [email protected]
Dennis Cavagnaro, Director of Marketing, 603-695-9234, [email protected]
SOURCE Merchants Automotive Group
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