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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Nuvell Financial Services was a subsidiary of GMAC (now Ally Financial ) that originated subprime auto loans. In March 2009, the company was shut down by its parent.
Nuvell was based in Little Rock, Arkansas , with other offices in Bedford, Texas , Jacksonville, Florida , Greeley, Colorado , and Anaheim, California .
Nuvell also serviced loans for American Suzuki Financial Services and Saab Group (SFSC).
History [ edit ]
The company was founded in 1997 when GMAC acquired the assets of LSI Holdings Inc.[1] [2] [3]
In June 1998, Tommy Pritchard was appointed president of the company.[1]
In February 2000, the company began buying contracts originated by dealers affiliated with National Auto Finance Co., as long as they met Nuvell's standards.[4]
In March 2009, the company was shut down by its parent.[5]
References [ edit ]
^ "EXEC SEES STRONG GROWTH FOR GMAC SUBPRIME UNIT" . Automotive News . October 26, 1998.
^ Krebs, Michelle (August 7, 1997). "GMAC Buys Arkansas Subprime Lender" . American Banker .
^ Henry, Jim (April 24, 2000). "GMAC's subprime unit heads uptown" . Automotive News .
^ Harris, Donna (January 7, 2009). "GMAC to shut down subprime subsidiary" . Automotive News .
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Nuvell_Financial_Services&oldid=1006227962 "
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● T h i s p a g e w a s l a s t e d i t e d o n 1 1 F e b r u a r y 2 0 2 1 , a t 1 9 : 0 3 ( U T C ) .
● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n .
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