Archive for April 5th, 2011

05
Apr
11

Westlake Portfolio Reaches $1 Billion

As of last month, Westlake Financial Services reached a major milestone; they hit $1 billion in total receivables and over 150,000 accounts. In just 2008 their total portfolio was at $500 million and continued to grow even during the economic recession. Westlake plans to ramp up operations in its title loan subsidiary, Wilshire Consumer Credit (WCC) and offer bulk portfolio purchasing through a new division, Advanced Lending & Portfolio Services (ALPS).

“We are very proud of our portfolio hitting the $1 billion dollar mark,” said Ian Anderson, company president. “It is a reflection of all the hard work and dedication our staff of over 700 employees put in every day, including almost 200 sales representatives out in the field interacting with our dealers.”

To read entire article on F&I Magazine please click here. To find out more about Westlake Financial Services, please click here.




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