Conrad Acceptance Corporation | Conrad Credit Corporation | Conrad Asset Team
The Conrad Academy | Conrad Education Foundation | Approval One
Conrad is a group of companies headquartered in San Diego, CA. Conrad was founded in 1989 and ownership has remained unchanged over the past two decades. The companies have diversified into a variety of nationwide industries. The Conrad Companies were built with the philosophy that the only two assets of any service organization are its clients and employees. Through Conrad’s growth and diversification, that philosophy remains. Conrad's complete accounts receivable management group provides a “one stop shop” for all aspects of receivable management, from point of sale to servicing, purchasing of qualified consumer contracts, default collections and litigation.
What Defines an Indirect Loan?
As defined by Investopedia.com (http://www.investopedia.com/terms/i/indirect-loan.asp), an indirect loan is any loan that is transferred from a dealer who originated the loan to a third party. Any buyer of indirect loans is known as a holder in due course and is now entitled to receive principal and interest payments. An example of an indirect loan is a car loan offered to a customer at a dealership which is then purchased by the third party at a discount. In this example, the third party never met the borrower but is now entitled to received payments from the loan.
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