LITTLETON, COLORADO, USA — March 12, 2015—PassTime®,
a leading provider of GPS-based technology solutions and The Car Finance
Company, Europe’s leading alternative finance lender, announced today an
exclusive agreement between the two companies that will bring 70,000 payment
assurance and telematics devices to the United
Kingdom.
The deal will build upon an already
successful relationship between PassTime and The Car Finance Company, offering
solutions and distribution in the United Kingdom.
"PassTime has been supplying
Payment Assurance and GPS devices to The Car Finance Company since 2009 and it
is been a real pleasure to work with a company that recognizes the quality and
features of the products that PassTime designs and distributes worldwide. We
are looking forward to supporting The Car Finance Company's continued growth in
the UK markets and we also have just finalized a distribution agreement with
them for additional expansion into additional European markets which is very
exciting," said Stan Schwarz, Founder/CEO of PassTime USA.
Mark Smith, Managing Director &
Founder of The Car Finance Company stated, "We have enjoyed a long term
relationship with PassTime and it gives me great pleasure to sign a long term
contract with the pioneers of this technology and we look forward to a
prosperous and continued high growth future together."
In business for more than twenty years,
PassTime provides solutions to enhance collection processes and reduce
delinquencies and repossessions through its GPS tracking and unique Automated
Collection Technology (ACT). PassTime
prides itself on offering high-quality and reliable products to the subprime
vehicle financing industry along with unmatched 24/7 live customer care for its
customers and end users.
The Car Finance Company, based in
Portsmouth, United Kingdom, was founded in 2007 to provide financing to those
with poor credit. The company focuses on
ethical and responsible lending and putting the customer’s interest at the
heart of every decision. This personal approach to business along with
the company’s motto: “We care about your future, not your past” has helped the
organization gain national recognition, winning 18 industry awards since
2011.
For more information please contact
PassTime at 877-727-7846 or info@passtimeusa.com or The Car Finance Company at 02392 448600 or marketing@thecarfinancecompany.co.uk
About PassTime
PassTime
provides GPS based technology solutions serving the auto finance, fleet and
vehicle anti-theft industries.
Headquartered in Littleton, Colorado, PassTime was founded in 1992;
PassTime revolutionized the automotive finance industry with the creation of
its first Automated Collection Technology (ACT) product in 1997 designed to
improve customer payment performance and reduce default and repossession risks.
The PassTime suite of products has evolved to include GPS tracking, wireless
ACT, theft recovery, and fleet solutions.
PassTime prides itself on
providing high quality, reliable products matched with a 24/7 Live Customer
Support center. Today, PassTime’s
innovative products are used by thousands of automotive lenders and dealers,
fleets, and consumers.
About The Car Finance Company
The Car Finance Company is one of
Britain’s leading lenders of car finance to hard working people who are denied
access to mainstream credit. Founded in
2007 it now has branches throughout England and Wales, with its Headquarters in
Portsmouth. The company has built a
highly-ethical car finance business which has set the bar to a new level in the
industry; where customers are truly put first and treated with dignity and
respect.
