avid, adjective: Having or showing a keen interest in or enthusiasm for something. Source: the Oxford English Dictionary.
Avid Acceptance, Compli customer: An automotive lender keenly interested in getting people who have experienced financial hardships back on the road. Source: our latest Customer Story.
The folks at Avid Acceptance truly live up to their name. Bucking critics’ perceptions of the industry, the Utah-based lending organization is focused on people in need, working diligently with dealerships to offer flexible payment terms to borrowers who have filed for Chapter 7 or Chapter 13 bankruptcy.
This innovative, people-first approach to subprime lending sets Avid Acceptance apart, but it doesn’t come without difficulties. On top of the fact that not every dealer’s F&I office has the capability or willingness to think outside of the box, the company’s compliance personnel need to make sure their program doesn’t push against fair lending laws. Add to that the unpredictable nature of consumer complaints and sudden shifts in the regulatory environment. Even the most avid lender can’t overcome the challenges through enthusiasm alone.
Fortunately, Avid Acceptance found a way to manage it all in a single, cloud-based platform that doesn’t require additional resources or create additional labor: Compligo. Now the company is redefining what it means to be a borrower-centric lender.