Lenders Option Corporation Loc
Financial Services, 1943 E 70th St, Shreveport, Louisiana, 71105, United States, 1-10 Employees
Phone Number: 31********
Who is LENDERS OPTION CORPORATION - LOC
Since 1991, Lenders Option Corporation (LOC) has provided unique automobile loan programs to increase loan volume and finance income, and to improve the yield and profitability on loan po...
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Headquarters: 1943 E 70th St, Shreveport, Louisiana, 71105, United States
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Date Founded: 1991
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Employees: 1-10
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Revenue: Under $1 Million
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Active Tech Stack: See technologies
Industry: Financial Services
SIC Code: 5521
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Frequently Asked Questions Regarding Lenders Option Corporation - LOC
Answer: Lenders Option Corporation - LOC's headquarters are located at 1943 E 70th St, Shreveport, Louisiana, 71105, United States
Answer: Lenders Option Corporation - LOC's phone number is 31********
Answer: Lenders Option Corporation - LOC's official website is https://loc.net
Answer: Lenders Option Corporation - LOC's revenue is Under $1 Million
Answer: Lenders Option Corporation - LOC's SIC: 5521
Answer: Lenders Option Corporation - LOC has 1-10 employees
Answer: Lenders Option Corporation - LOC is in Financial Services
Answer: Lenders Option Corporation - LOC contact info: Phone number: 31******** Website: https://loc.net
Answer: Since 1991, Lenders Option Corporation (LOC) has provided unique automobile loan programs to increase loan volume and finance income, and to improve the yield and profitability on loan portfolios. LOC Protection is a risk management program applied to C and D tier loans. The program significantly reduces deficiency balances from repossessions by purchasing repossessed vehicles at higher values than auctions or bids. To further reduce the deficiency balance, LOC provides a principal reduction payment. Super Non-Lease is a balloon loan that allows lenders to compete with dealers' leases. The program provides borrowers with low monthly payments based on LOC's residual values for vehicles. At the termination of the loan, borrowers have the option to payoff the loan, refinance the loan, or turn-in the vehicle for purchase by LOC.
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