Let WFI do your servicing and have your own Automated Financing Department at your fingertips.
Buy-here, Pay-here can be a great profit center for dealers, but, there is no doubt that servicing your own accounts means a lot of accounting and administrative headaches. Our program relieves you of this responsibility and lets you direct your attention to buying and selling automobiles.
- We send out the Payment Book.
- We send out delinquent notices.
- We report the status of the account monthly to all three major credit bureaus.
- We comply with federal OFAC regulations.
- We provide the accounting on the account.
- We can provide you computer access to your accounts.
- We answer the customer's inquiries regarding their accounts, relieving you of that interruption.
- We compute pay-off inquiries.
- We mail out the paid documents when the accounts are paid in full.
- We earn only 15% of what is collected. If we don't collect, it costs you nothing for the service.
- We can convert your receivables into cash; should you need it, we will buy them. It's like having funds to draw on.
- We will make sure the contract you are using is current and legal.
- We will assist you in keeping your dealership in compliance with the current laws in financial receivables.