| Q. |
What is ALPS? |
| A. |
ALPS (Advanced Lending & Portfolio Services) is a division of Westlake Financial Services. ALPS is focused on Buy-Here/Pay-Here portfolio acquisition and is dedicated to providing dealerships and other business organizations access to capital liquidity with competitive rates. Excellent customer service with quick turnaround time is a priority.
ALPS purchases loan portfolios from dealerships, brokers and finance companies looking to sell all or part of their portfolios.
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| Q. |
I am interested in selling my portfolio, what do I do first? |
| A. |
The first step is contacting the ALPS team in order to receive the initial application and welcome packet. You may fill out the contact from the right and press submit, or you may call, email, or fax the ALPS department directly:
Toll Free: (888)WFS-ALPS/(888)937-2577
Email: alps@westlakefinancial.com
Fax: (323)954-5459 (send ATTN: ALPS)
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| Q. |
What are the general portfolio requirements? |
| A. |
- Auto installment sales contracts only
- Portfolio pools from $250,000 and up
- Minimum aging of 3 monthly payments on each account
- Simple interest and precomputed contracts accepted
- Maximum delinquency from 0 to 30 days past due
- All titles should be in dealer's name (or business organization's name) and willing to release
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| Q. |
What are the benefits of selling my Buy-Here/Pay-Here portfolio to the ALPS? |
| A. |
- Access to capital for organizational growth
- Ability for dealerships to focus on selling cars, not collecting payments
- Collection servicing overhead elimination
- Instant cash flow
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| Q. |
How do I contact the ALPS team? |
| A. |
You may fill out the contact form to your right, or you may call, email or fax the ALPS department directly:
Toll Free: (888)WFS-ALPS/(888)937-2577
Email: alps@westlakefinancial.com
Fax: (323)954-5459 (send ATTN: ALPS)
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