We Buy
Auto Loan Portfolios
Anywhere In The U.S.
"Buy Here/Pay Here" Portfolios Welcome
=
T. J. Stewart (TJS) is the parent company of National-Note-Buyer.com
Call Us Toll Free (866) 935-3100
We Buy Auto Loan Portfolios
We are aggressively seeking private or other auto paper. Typically, a Buy Here/Pay Here lot will finance the purchase of their used cars because their car buyers have marginal credit and/or lower incomes etc. We understand this market and want to buy this type of paper. We purchase from a NON-RECOURSE position; which means that if a loan we buy does not pay, we DO NOT require the selling dealership to make good on this defaulting loan. Once we buy the loan, it is ours to deal with.
There are no minimums or maximums in loan portfolio size but a good comfort range is between $25,000 and $25,000,000 or more. While this is our comfort range, we can deal outside this range on a case by case basis. The car dealer has the option of selling us their whole portfolio or a part of their portfolio at their discretion.
Typically, Portfolios are purchased without recourse to you, the dealer & no reserves are held
You will be offered up to 83%-85%% of the current principal balance. We will also make exceptions for gross purchase. We can fund your portfolio sale in a matter of a few days, with everyone's full cooperation.
Criteria for Portfolio Acquisitions: (Please keep in mind that prices may or may not be affected if contracts are below the following criteria. However, a review is necessary to determine the price.)
- No APR required, 18% or higher preferred. (Prime Interest Rate + 12% +/-)
- 3 to 6 month seasoning preferred for monthly, semi-monthly, bi-weekly and weekly contracts. Monthly contracts are preferred but others are OK too
- Vehicle Down Payments are 20% +/- preferred but most down payments are workable
- Minimal number of late payments
- Current accounts no greater than 20 days past due but we do have buyers for delinquent paper also.
Documents needed to fully underwrite and price your portfolio:
1. Current Pay History With Principal Balance
2. Copy of Contract
3. Copy of Application
4. Buyers Order (collateral description)
5. Credit Bureau – The credit report you ran when you made the sale but, OK without this report
To Start, please download the Preliminary Portfolio Quote Info Needed form and complete it and email it or FAX it back to us for preliminary portfolio pricing. CLICK HERE to download this form. If this quote is satisfactory, we will need copies of the other items 1-5 listed above to further underwrite the sale.
CLICK HERE to email your questions to us.
Call Us Toll Free (866) 935-3100
Please feel free to contact me with any questions or comments related to
the information requested or your portfolio in general. I look forward to
speaking with soon.
Sincerely,
Tom Stewart CEO & Founder
T. J. Stewart
20310 N SR 3
Eaton, IN 47338
WWW.National-Note-Buyer.com
E-Mail:
BizInfo99@gmail.com
or
ts6947@ymail.com
(765) 396-3427 Office Voice
(866) 935-3100 Office Voice Toll Free
(877) 800-1932 FAX
