VANCOUVER, BC (Oct. 4, 2011) — Crelogix Acceptance and Monterey Financial Services announced an alliance today which will allow each firm to provide its domestic business clients with a North American indirect consumer financing solution, each partner in the Alliance gains access to the other partners domestic capabilities.
The Alliance is an ideal solution for a Canadian Crelogix client or US Monterey Financial client with branches or distribution networks in the opposite country and that requires consumer financing solutions in both countries.
“Since 2008 and the subsequent financial crisis there has been a void for business organizations seeking a North American consumer finance solution, this Alliance with Monterey Financial addresses this void “, said Karl Sigerist, President and Chief Executive Officer of Crelogix.
“We now have a North American Alliance and total market solution which allows us to mutually satisfy a larger segment of North American based business organizations seeking a consumer finance solution at the point of sale”, said Robert Steinke President and Chief Executive Officer of Monterey Financial.
Monterey Financial is a financial services company specializing in consumer finance, loan servicing and delinquent collections, throughout the United States, Mexico and The Caribbean. Founded in 1989, Monterey is headquartered in Oceanside, CA and can be reached at 800.456.2225.
Crelogix is a non-bank Canadian financial services organization. Since 1974 Crelogix has been active across Canada in the tuition, automotive aftermarket, vacation ownership, healthcare, membership, consumer durables, power products, home improvement and financial intermediary sectors – advising its business and institutional partners on unique and innovative consumer financial solutions from Loan Funding, Portfolio Acquisition, Third-party Portfolio Administration, Servicing, Collections, Asset Recovery or the Disposition of Canadian consumer installment loan receivables portfolios.
MyCrelogix.com is a proprietary internet based automated credit adjudication and loan or lease document processing system. MyCrelogix.com provides our clients with real-time payment calculation, credit grading, contract compliance, funding status and ongoing portfolio reporting.
SOURCE: Crelogix Acceptance