Press Release Peritus Services LLC
 



NIADA Selects Peritus Portfolio Services as a National Corporate Partner


For Immediate Release
Contact Information:
Scott Lilja, Senior Vice President of Member Services NIADA
scott@niada.com | 1-800-682-3837

April 16, 2014

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

About Peritus Portfolio Services

Peritus Portfolio Services (PPS) a trusted name in financial services is headquartered in Irving, Texas. Specializing in purchasing auto secured bankruptcy accounts and bulk receivable auto portfolios from Independent BHPH Dealers, Banks, Finance Companies and Credit Unions nationwide. Removing bankruptcy accounts from your portfolio has a direct impact on your balance sheet, your P&L statement, as well as your cash flow and the overall total value of your operation. Founded on the platform of “Relationships not Transactions”, that philosophy is imbedded in every department within PPS from Sales to Accounting and Acquisitions to Operations and Remarketing. For a fast and quality analysis of your portfolio dial 866.831.5954 or visit the web site at http://www.peritusservices.com.

About NIADA

The National Independent Automobile Dealers Association (NIADA), has represented the used motor vehicle industry since 1946. NIADA assists its members in becoming more successful and is the industry’s legislative representative for protecting dealer and consumer interests. The association consistently generates valuable industry education and information, along with services and benefits designed to prepare members for an ever-changing marketplace. As a consumer-friendly association, automotive consumer information can be found at http://www.autoconsumer.tv.

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