ATLANTA, GA--(Marketwired - April 22, 2013) - Global Lending Services announces today they are actively purchasing automobile finance contracts in 19 states. Since the purchase of the assets and platform of Resurgent Auto Finance in August 2012, GLS has been focused on expanding its purchasing ability and geographic reach. When GLS purchased Resurgent assets, it was operating in 4 states: SC, NC, GA and VA. Since October, GLS has successfully expanded into 15 more states and continues to grow their contract purchasing territory. The 19 active states include: AL, DE, FL, GA, IN, IL, KS, KY, MD, MI, MO, MS, NC, OH, PA, SC, TN, VA and WI. GLS is excited about the current rate of growth and the ability to serve individuals and families who are in need of secondary financing.
When asked about the acceleration in growth and the future of GLS, Founder & Chairman Douglas Duncan said, "I'm very pleased with the execution of the national expansion. While expanding, we have been able to maintain high levels of customer service, including credit and funding response times. As for the future of GLS, I'm excited; we look forward to developing lasting dealer and customer relationships nationally."
About Global Lending Services LLC (www.glsllc.com)
Global Lending Services LLC (GLS) is an Atlanta-based automotive subprime lending company that provides financing to both franchised and independent auto dealerships throughout the United States. GLS was founded by auto industry veteran, Douglas Duncan and is partnered with New York-based investment firm, BlueMountain Capital Management.