Prestige Financial Stops Doing Business in Washington State
Prestige Financial Services, the nation’s leading provider of auto financing after bankruptcy, stopped approving new auto loan applications on January 22nd, 2009 at 4:30 PM PST. All applications approved by Prestige Financial are still valid and have until the 13th of February to be funded.
This event is just the latest in a series of bank restructuring that has taken place over the last 12 months. Other auto lenders that have either stopped doing business in Washington or gone out of business completely include: Triad Financial, Zions Bank, UACC, CitiFinancial, Wells Fargo, ACC, and 6th Gear. It seems that more will probably follow.
Prestige is owned by Lary Miller, Owner of the Utah Jazz NBA team. He owns severall auto dealerships, mostly in Utah. It seems that Prestige is mostly still in business just to serve those dealerships. Unfortunately, the only loan programs for open bankruptcies that still exist require down payments of 10% or more. The days of open bankruptcy auto loans with no money down are over in most states…for now.
Related posts:
- Prestige Gives Auto Loans to More People As of June 1st, Prestige Financial Services is once again...
- Fireside Stops Originating Auto Loans Fireside has become the next victim of the economy. It...
- Auto Financing in Tacoma, WA WA Auto Credit helps people in and around Tacoma, WA...
- Bad Credit Auto Loans Made Easy WA Auto Credit is different than those other auto loan...
- Can I get a better deal buying a car in a down market? A recent customer asked us if they can get a...
Related posts brought to you by Yet Another Related Posts Plugin.
Subscribe to Our Newsletter!
Tags: 2009, auto, auto dealers, auto dealerships, auto financing, auto lenders, auto loan, auto loan applications, auto loans, Autos, bank restructuring, bankruptcies, bankruptcy, bankruptcy auto loan, Bankruptcy Auto Loans, banks, chapter 13 auto, citifinancial, dealers, Down Payment, finance, finances, financial, financial crisis, Financing, lenders, loan, loan application, loan programs, loans, money, nba team, new auto, news, no money down, open bankruptcy, Prestige, prestige financial, triad financial, uacc, Washington, wells fargo, Zions, zions bank
January 23rd, 2009 at 11:23 PM
[...] Sameday Loans No Credit Check wrote an interesting post today onHere’s a quick excerpt Prestige Financial Services, the nation’s leading provider of auto financing after bankruptcy, stopped approving new auto loan applications on January 22nd, 2009 at 4:30 PM PST. All applications approved by Prestige Financial are still valid and have until the 13th of February to be funded. This event is just the latest in a series of bank restructuring that has taken place over the last 12 months. Other auto lenders that have either stopped doing business in Washington or gone out of business [...]