Conrad Acceptance Corporation handles accounts receivable management for many types of loans and works as an Indirect Lender for these loans.
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.
Want more information on Conrad Acceptance Corporation? Conrad is a leader in the Accounts Receivable Management industry.
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.
Want more information on Conrad Acceptance Corporation? Conrad is a leader in the Accounts Receivable Management industry.