Peritus Portfolio Services Announces $100 Million Milestone

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Servicer provides "best in class" solution to Auto Finance Industry

Peritus Portfolio Services Irving Texas

Peritus Portfolio Services II LLC, a 5 year old company that services auto secured chapter 7 and chapter 13 bankrupt loans, announced that they have total outstanding balances of more than $100 Million currently under management

Founder and President Gary Perdue said “ We are excited about our business and what we offer to the auto finance market. We exclusively service auto loans in bankruptcy proceedings. Our Management and most of our service employees have many years of experience in the auto finance industry, and as a result I believe our performance exceeds those companies that service multiple product lines”

Peritus offers a variety of levels of service that ranges from filing proof of claims, handling reaffirmations, and monitoring, to full liquidations servicing. Peritus also has a solution for those who wish to sell portfolios of auto secured bankrupt accounts.

"We have found that Peritus stands out well above others in their specialized field" says Sam Ellis, CEO of DriverUp, parent company of Sierra Auto Finance. "They maximize recoveries for lenders, but still place priority on truly helping the consumers, and do more than just the minimum required to be Federal Bankruptcy law compliant. They are really good at what they do."

Peritus Portfolio Services works with clients of all sizes, from buying and servicing accounts from Buy Here Pay Here dealers to servicing portfolios for one of the largest debt buyers in the US. “I have been in the auto finance industry for over 25 years” said Perdue. “ I focused on bankruptcy because I saw an opportunity to help small Buy Here Pay Here dealers as well as large auto finance companies increase recoveries, while reducing overhead.”

For more information on Peritus Portfolio Services go to by phone 866 831 5954 ext.8000 or email info(at)peritusservices(dot)com

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