San Diego, CA (PRWEB) April 13, 2006
Harbor Credit (http://www.harborcredit.com), a premier resource on automotive and consumer lending, is leading an effort to educate the public on auto refinance, offering an opportunity for consumers to save money on their auto loan by lowering their monthly payments.
Harbor Credit is actively calling on auto and finance Web sites and editors to join the effort. Working with top lenders such as WFS Financial and RoadLoans, Harbor Credit stands as a leading technology provider for the auto lead generation industry. They allow partner sites to brand their own application pages, as well as feed generated leads into an intelligent marketplace that sorts and routes the leads in real-time to qualified lenders.
Widely considered one of the best kept secrets in the lending industry, auto refinancing can help a consumer in two ways: simply reducing an APR thereby saving on the total cost over the life of the loan; or, lowering the rate over an extended period of time, making more money available in the short term and payments more manageable. With job stability and a good record of loan repayment, a typical consumer can qualify easily, even after only a few payments.
“At Harbor Credit, we want to inform the financing community about this opportunity,” Rob Gaudio, President of Harbor Credit said. “We hope that our product will make the auto refinancing option as obvious a solution to saving money as mortgage refinance, debt consolidation, and credit card debt transfer. It has been a secret for far too long.”
Once approved, the refinancing process is simple and fast. A new lender pays off the old loan and the name of the lienholder on the title is changed to the new lender, along with the new loan, to the new lender.
Rob continued, “Thousands of new car and used car buyers finance through the dealer because it’s convenient or because they couldn’t find a better rate due to bad credit. But, there are better options. What these shoppers don’t understand is that they might qualify for a much lower APR. Harbor Credit’s refinance product offers them the opportunity to fix a mistake by allowing them to shop for the best rate among multiple lenders, lower payments with a lower APR, and ultimately save money.”
About Harbor Credit
Harbor Credit is a leading middleware developer that provides technology solutions for the automotive lead generation industry. Our technology offers consumers access to multiple lenders and dealer networks through partnerships with premier automotive and finance websites. It owns and operates HarborCredit.com, a consumer website that features simple, convenient access to nationwide car inventories, qualified dealer quotes, and up-to-date auto and lending information. The site is dedicated to helping consumers make the smartest decisions possible when it comes to buying and selling cars, shopping and applying for financing. For more information, visit http://www.harborcredit.com or call 800.308.5262.
About WFS Financial
On March 1, 2006, Wachovia consummated its merger with Westcorp and WFS Financial. WFS Financial, now a wholly owned subsidiary of Wachovia Bank, N.A., will continue to operate under its current name until merger integration is complete. WFS Financial is one of the nation’s largest independent automobile finance companies. WFS Financial specializes in originating, securitizing and servicing new and pre-owned prime and non-prime credit quality automobile contracts through its nationwide relationships with automobile dealers. For more information, visit http://www.wfsfinancial.com.