Consumers Driving Their Way To Higher Credit Scores Thanks to AutoTrakk.MONTOURSVILLE, Pa. -- AutoTrakk, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Montoursville, PA, based consumer finance company, has developed an innovative new program to offer short term leasing (2-3 years) through new car dealers to credit challenged customers on late model used cars. The AutoTrakk program incorporates weekly payments and an electronic payment reminder system to make the benefits of leasing available to consumers who would otherwise be unable to secure financing through more traditional sources. The electronic payment reminder system, which interrupts interrupts - interrupt the car's starter if payments are late, substantially reduces the risk normally associated with financing cars to individuals with low credit scores. This proprietary system enables AutoTrakk to provide financing to customers who would likely otherwise be precluded from the opportunity to acquire a reliable vehicle at an affordable price. AutoTrakk also reports to all major credit agencies every month. As a result, customers' prompt payments quickly become part of their overall credit history and contribute toward improving their total credit score. AutoTrakk Founder and Chief Executive Officer Blaise Alexander Blaise Alexander (March 26, 1976-October 4, 2001), was a stock car racer from Montoursville, Pennsylvania. He began racing at the age of 12 in go-karts, winning the coveted World Karting Association East Regional championship in 1992. identified the niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. in 2001 and created AutoTrakk to provide financing for consumers with credit scores below 500. "We understand that bad things can happen to good people" explained Alexander, "our most important consideration is not a consumer's credit score but what kind of person they are." Consumers aren't the only people to benefit from the AutoTrakk system. The AutoTrakk system creates a tremendous business opportunity for franchised dealers because it enables them to market late model, quality vehicles to an important and ever growing demographic, those with severely impaired credit Impaired Credit The deterioration of a borrower's credit rating. Notes: Any weakening of a company's finances will cause an impairment of credit. Consequently, it results in a reduction of the credit offered by lenders. . Management believes its patent pending concept of combining a lease product with weekly payments and a starter interrupt A signal that gets the attention of the CPU and is usually generated when I/O is required. For example, hardware interrupts are generated when a key is pressed or when the mouse is moved. Software interrupts are generated by a program requiring disk input or output. device is a first. AutoTrakk operations have resulted in five consecutive years of exceptional growth having originated more than 8,300 contracts, and expanded its franchise dealer base to nearly 200 dealers in 8 states (PA, NY, MD, DE, VA, WV, OH, and MI). Auto Trakk can be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.autotrakk.com. |
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