Scottsdale, AZ (PRWEB) December 5, 2005 –
December 5, 2005 – Hampden Group, Inc., (OTC: HPNG), a financial services company specializing in sub-prime loan programs, today announced that it has launched PrePaidMotorsInc.com, a new website designed to help Arizona consumers get pre-approval for vehicle title loans. The site collects basic data from the applicant and within minutes, determines if the user is qualified to borrow the amount requested, without checking the applicant’s credit history.
Vehicle Title Loans, also called Pink Slip Loans or Auto Pawn Loans, provide consumers with an option to borrow larger cash amounts, for longer periods, than traditional Payday Loans. Unlike unsecured Payroll Cash Advances or Signature Loans, Vehicle Title Loans are backed by the remaining equity in the consumers’ vehicles. Using their cars, trucks and SUV’s as collateral, consumers can borrow from $1,500 to $25,000 or more, and take up to 24 months to pay off these title loans while they still drive their vehicles.
“We wanted to create a friendly, consumer-oriented website that provides the applicant with enough information about the title loan process to make an informed decision before filling out the application,” said Randy Humphrey, CEO of the Hampden Group. “Once the consumer makes the decision to apply for a vehicle title loan using PrePaidMotorsInc.com, the application is submitted on-line and qualification takes mere minutes. What could be easier?”
“This website represents the first step in our effort to completely overhaul the company’s on-line services,” said Mark E. Stumm, CTO/CMO for the Hampden Group. “After a major investment of time and effort by our marketing and web design teams, we have developed a easy way for our clients to get information about the title loan process, make an informed decision, and complete their application on-line. Streamlining this process through automation allows us to make better loans and make them faster.”
“Another concern we addressed during website planning was safety and security. We have gone to great lengths to insure that data provided by the consumer during the application process is protected using the latest security techniques,” added Stumm. A full description of the methods used can be found in the Security and Privacy section on http://www.PrePaidMotorsInc.com.
PrePaid Motors, Inc. is a wholly-owned subsidiary of Hampden Group Inc. PrePaid Motors owns several domains related to the process of granting Vehicle Title Loans in Arizona.
PrePaid Motors, Inc. also provides 3rd party financing to independent automobile dealerships throughout Arizona. This service provides an alternative to the customers of these dealerships that have credit ratings that are under the minimums for traditional financing.
About Hampden Group, Inc.
Hampden Group, Inc. (HGI) (OTC PK: HPNG) founded in 2004, is a publicly traded financial services company headquartered in Scottsdale, Arizona. HGI owns and operates several Internet websites providing short-term financing in the lucrative sub-prime loan market. The Hampden Group is currently engaged in the business of funding payday loans/cash advances, auto title loans and providing 3rd party financing for traditional auto loans to customers with emergency needs or special financial situations.
This announcement refers to products and services sold in the United States of America. PrePayä Cash Advance Outsourcing Services and PrePaid Motorsä are trademarks of Hampden Group, Inc. in the United States and/or other countries. All other brand and product names are trademarks of their respective holder and are hereby recognized as such.
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