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Target Loans wins another motors deal.

TARGET Loan Servicing has won another significant contract to service loans for the Blue Motor Finance portfolio owned by Merrill Lynch.

Target Loan Servicing now employs more than 120 staff at its modern loan servicing operation at Tredegar Park, Newport. The new motor loan portfolio was transitioned to Target Loan Servicing within just 12 weeks.

The firm's chief executive, James Snow, said: "Proactive and effective customer management is key for our client. The benefit of Target Loan Servicing is that we offer a highly specialist service with an experienced loan administration and collections team." The announcement follows recent outsourcing contract wins for Target Loan Servicing for the Park Motor Finance portfolio owned by Credit Suisse..
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Publication:Western Mail (Cardiff, Wales)
Date:Apr 29, 2009
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