Newsroom

TRIAD FINANCIAL "LEAPS FORWARD" WITH NEW AND IMPROVED CREDIT PROGRAM, TRIADVANTAGE

TRIADvantage offers better service, lower rates and simplified credit decisions

HUNTINGTON BEACH, CA - December 15, 2001 - Triad Financial Corporation, one of the nation's leading non-prime auto finance companies, today announced the release of TRIADvantage, an improved credit program. This new enhanced credit program replaces Triad's previous "tiered" credit matrix with a state-of-the-art risk-based pricing solution, designed to better serve its dealer customers. By utilizing advanced scorecard intelligence to buy smarter, Triad is now able to look at many more factors in an auto loan application that is submitted -- allowing it to make faster and more informed credit decisions -- then forward the most competitive rates and terms possible to credit applicants.

Triadvantage is broken down into three separate products, Advantage, Bonus and Custom. The new credit guidelines outline Triad's application requirements, pricing, participation, fees, requirements for the vehicle structure and a list of standard credit restrictions.

The advantages of the new credit program include new lower rates, faster callbacks, speedier funding, simplified credit decisions, improved phone support, and flexibility in buying.

"Triad is continually looking for new ways to better service our dealers. With TRIADvantage, we make it possible to offer faster service by providing simplified credit solutions that offer terrific advantages to our dealer customers," said Joe Giliberto, Senior Vice President of Operations.

"TRIADvantage offers a simple solution to our dealers that we are all very excited about. Our Sales Representatives are enthusiastic about the advantages that are now available to all of our dealers," said Mike Nagle, Assistant Vice President of Sales.

About the Company

Triad Financial is one of the leading non-prime auto finance companies in the nation, focusing on new and late model used automobile purchases through a national network of 7,500 dealers in 32 states. Unique in its ability to serve customers who may not qualify for loans based on conventional criteria, Triad offers automobile dealers the opportunity to close sales for a broad range of loan candidates. With a reputation for having strong customer relationships, fast funding, longevity, and an experienced management team, Triad delivers timely and consistent service to its customers. Triad is headquartered in Southern California and maintains three regional centers in Huntington Beach, California, North Richland Hills, Texas and Margate, Florida. Triad Financial is a wholly owned subsidiary of Ford Credit.


Back to the Newsroom