SOURCE: FirstAgain LLC

September 13, 2007 08:30 ET

The FirstAgain AnythingLoan Saves Timeshare Owners Thousands of Dollars

Excellent Credit Buyers Changing How They Finance Timeshares, Vacation Ownership, and Fractionals

SAN DIEGO, CA--(Marketwire - September 13, 2007) - FirstAgain customers are taking a vacation from high rates and paperwork when purchasing or refinancing vacation property this season. The company's AnythingLoan, an unsecured paperless loan often offered at the lowest rate available and funded the same day, is ideal for timeshare, fractional, and vacation owners. When refinancing an existing high-interest loan or financing a new or resale purchase, the AnythingLoan saves excellent credit consumers thousands of dollars in interest associated with purchasing directly through brokers or management companies.

Conventional timeshare lending sources average 14 percent, and home equity loans are harder to find or obtain these days. FirstAgain rates start at 7.49 percent -- nearly half the interest cost -- translating into more than $5,000 in savings over a seven-year term when the average cost of a timeshare is just under $18,000, and more than five times that for fractionals of $100,000.

"We love rewarding people for their hard-earned excellent and substantial credit history with innovative lending solutions," says CEO Gary Miller. "They deserve low interest rates and exceptional loan experiences, whether they finance a timeshare or anything else... "

The American Resort Development Association reported that in 2005, 4.1 million households, representing $6.1 billion in sales, own a timeshare or vacation ownership. According to NorthCourse, fractional sales reached $1.65 billion in 2006, up 35 percent from the year before. The vacation realty market is growing at a steady pace, creating opportunities for more consumers to own a second property for their leisure time. Those with excellent credit will enjoy the best value and experience the best customer service when obtaining a loan.

"Every day, we receive very positive responses from our customers about how much they appreciate a loan product tailored to their needs," said Dave Zeller, President and COO. "One of our favorites is a honeymoon couple returning from Hawaii with a new timeshare purchase previously financed at 12 percent. It's like we gave them a surprise wedding gift when they refinanced and saved thousands with us!"

The FirstAgain AnythingLoan is a nationwide unsecured consumer loan available exclusively to consumers with excellent and substantial credit. It can be quickly applied for, approved, and funded -- all online, without generating a single piece of paper. The loan can be used for any purpose imaginable, including home improvement, autos, refinancing, timeshares, medical expenses, education, weddings, and adoption & fertility.

About FirstAgain LLC

FirstAgain LLC is a financial services company based in San Diego, California. The company's co-founders previously founded, which became the nation's largest online auto lender prior to its sale to Capital One in 2001. Operating nationwide and with financial commitments from Merrill Lynch, FirstAgain provides innovative financial products to individuals with excellent credit. The company's AnythingLoan is the nation's first completely paperless consumer loan and can be used for any purpose, including home improvements, vehicle purchases, educational and medical expenses, timeshares, and loan refinancing. The loan experience is fast and convenient, offering same day funding along with highly competitive rates and loan amounts from $10,000 to $100,000. For more information, please visit

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