Gulf Coast Auto Credit Announces Record Sub-Prime Auto Loans Funded in May

Venice, FL, June 19, 2011 --(PR.com)-- Gulf Coast Auto Credit announces record sub-prime auto loans funded in May. A record number of Cramer Toyota of Venice and Cramer Honda of Venice customers were financed through Gulf Coast Auto Credit. These loans were non-prime or sub-prime loans mostly of the buy here pay here type. According to Mario Radrigan President of Gulf Coast Auto Credit, “It was an extraordinary month for Gulf Coast Auto Credit. We were able to finance people who were credit challenged, had bankruptcies, had no credit or no cash down payment. Our association with Cramer Toyota of Venice and Cramer Honda of Venice has given us access to clean low mileage vehicles that seem to be what our customers want.” Richard Bond, General Manager of Cramer Toyota of Venice states, “Cramer Toyota of Venice recognized that traditional banks and finance companies were no longer lending to customers with lower credit scores. The dealership set out to create a small network of local finance companies that were willing to lend. I would like to thank our lender partners, especially Gulf Coast Auto Credit for providing much needed financing. May was a record month for applications and Gulf Coast Auto Credit approved more than any other bank.” Bond reports, “Gulf Coast Auto Credit is by far our largest sub-prime lender. Our relationship with them has now helped provide 100’s of good people with reliable transportation.” Gulf Coast Auto Credit being the largest lender in Venice of subprime auto loans services customers with bad credit, no credit, bankruptcies, tax liens, charge offs and foreclosures.

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