Arlington, TX – Peritus Portfolio Services (PPS) has become the first National Corporate Partner of the National Independent Automobile Dealers Association (NIADA) to offer its members programs for a purchase of their bulk receivable auto portfolios, in addition to their open auto secured Chapter 7 & 13 bankruptcy accounts!
“This new partnership with NIADA for our portfolio purchasing programs is truly an honor and just reinforces our philosophy of “Relationships not Transactions“ as a win-win situation for NIADA’s valuable BHPH members,” said Rod Heasley, PPS’s Executive Vice-President of Sales and Marketing. “Heasley added that NIADA and its BHPH members will find Peritus’s programs of quick and quality analysis combined with responsive service as a valuable tool to allow them to concentrate more time and resources on what they do best, as well as affecting the bottom line in a most positive way.”
PPS begins with a “no charge” comprehensive analysis of its client’s portfolio in bulk receivable portfolios with a quick turnaround time and a specialty of segregating out the open bankruptcy accounts. Removing bankruptcy accounts from the portfolio has a direct, positive and immediate impact on your cash flow, your balance sheet, and your bottom line P&L statement, as well as the overall value of your operation. Without question, a sale of accounts is an important tool to use when evaluating your appetite for retaining low yield and high risk bankrupt accounts. In light of the benefits of selling these accounts, many BHPH auto dealers as well as auto finance lending institutions, choose to eliminate the risk, worry and expenses by selling off these non-performing accounts.
“My entire team at Peritus is excited about our new partnership with the most respected association in our industry and stands ready to offer NIADA and it’s BHPH members our line of services that will completely exceed their expectations“, said Gary Perdue Founder and President of PPS.
“With over 150 years of experience from PPS’s senior management team, and an excess of 123 business development managers nationwide ,current and future members of NIADA and future clients of Peritus Portfolio Services , have my assurance that “Relationships not Transactions“ is not just an advertising slogan for us but our daily operating procedure throughout all of PPS.” concluded Mr. Perdue.
“We are very pleased to have endorsed Peritus Portfolio Services as an NIADA National Corporate Partner, providing highly valuable cash flow enhancement, risk mitigation, and compliance resources to our BHPH members. As our BHPH member dealers continue to face immense new regulatory burdens Peritus provides a solid resource in ensuring their ongoing compliance in the receivables collections process, and bankruptcy actions while freeing them up to focus on their core dealership operations”, said Scott Lila, SVP Member Services, NIADA
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