Household Auto Finance Connects With Consumers Through
LendingTree Lending Exchange
Consumers Now Can Receive Competitive Car Loan Offers From Household
Via the Internet
SAN DIEGO, Aug. 13 Household International ,
announced today that its auto finance business, one of the largest sub-prime
auto finance companies in the United States, has signed an agreement to make
its car loans available to consumers through LendingTree, Inc. ,
the leading lending exchange and technology provider.
"This is a win-win situation for consumers and for Household Auto Finance.
Consumers now can go online to receive car loan offers directly from Household
and other quality auto lenders," said John Vella, CEO of Household's auto
finance business. "Furthermore, this enables us to receive highly qualified
loan requests from potential customers actively looking for car loans and who
fit our specific lending criteria."
Through the LendingTree exchange, consumers can complete a single, simple
loan request form, and if qualified receive multiple, competitive loan offers.
As a lender on the exchange, Household Auto Finance will be able to compete
for consumers' business, providing qualified customers with non-prime auto
loans for purchase, refinance or lease buy-outs.
"We welcome Household Auto Finance to the LendingTree exchange," said Tom
Reddin, president and chief operating officer of LendingTree. "This
partnership will enable Household to reach a broader base of qualified
consumers and provide them with the auto loan product that best suits their
needs. Both Household and their customers will recognize the benefit of
convenience, choice and value as a result of utilizing the leading lending
exchange for their respective lending requirements."
About Household Auto Finance
Based in San Diego, Household Auto Finance is a leading provider of
non-prime / sub-prime auto financing through http://www.HAFCsuperhwy.com and other
alliance online portal avenues. Household Auto Finance has more than
$5 billion in receivables, operates in 46 states and services over 8,000 auto
dealers nationwide. Household Auto Finance is a subsidiary of Household
International, Inc, headquartered in Prospect Heights, Ill. Household's
businesses are leading providers of consumer finance, credit cards, non-prime
auto finance and credit insurance products in the United States, United
Kingdom and Canada. In the United States, Household's largest business,
founded in 1878, operates under the two oldest recognized names in consumer
finance -- HFC and Beneficial. Household is also one of the nation's largest
issuers of private-label and general purpose credit cards, including the GM
Card and the AFL-CIO's Union Plus card. For more information about Household
Auto Finance, visit http://www.householdauto.com or call (800) 342-6659 using the
priority code PRLT0801.
About LendingTree, Inc.
LendingTree is the leading online loan marketplace and loan
exchange technology provider. LendingTree's unique loan technology, Lend-X,
powers the online loan marketplace at LendingTree.com, as well as the online
lending resources of other institutions. At LendingTree.com qualified
consumers may receive multiple loan offers, within one business day, in
response to a single loan request for home mortgages, home equity loans,
personal loans, automobile loans, and credit cards. More than 100 banks and
lenders compete for consumers' business in the LendingTree loan marketplace at
http://www.lendingtree.com , providing consumers with an unprecedented level of
control over the lending process, by enabling them to compare and review
multiple loan offers and accept the loan offer that is best for them. The
banks and lenders in the LendingTree marketplace generate new business that
meets their specific underwriting criteria at reduced acquisition costs. For
more information, or for a full listing of the more than 100 banks and lenders
in the LendingTree marketplace please go to http://www.lendingtree.com or call
704-541-5351.
