General Acceptance Corp. Adopts XpressCredit Loan Origination System

PR Log (Press Release) – May 19, 2009 – SYRACUSE, NY – XpressCredit, a provider of a web-based, indirect lending platform announces the signing of General Acceptance Corp. of Fairfield, NJ as a user of both their Credit Aggregation System (CAS) and Loan Origination System (LOS). General Acceptance will also become a lending source for the independent auto dealers on the XpressCredit platform.

XpressCredit’s software and advanced filtering technology will provide General Acceptance with the ability to receive only applications that meet their criteria for funding, thereby streamlining their core business process. For independent auto dealers on the XpressCredit platform, this means access to another lending source that can help them sell more cars.

“General Acceptance Corp. is a welcome addition to the XpressCredit platform. The features and functionality provided through our software gives General Acceptance the ability to finance more loans with less overhead, and allow our dealers another avenue to put metal over the curb.” said XpressCredit Executive Vice President, Mark Louer.

“Working with XpressCredit is one of the best choices I’ve made in our time in business. It was a business relationship meant to be. The system is so easy to use and the company is always willing to help make my job that much easier. It’s so easy I can be on road signing new dealers and also decisioning deals all from my iPhone!” said Jarret Smith of General Acceptance Corporation.

About General Acceptance Corporation
The General Acceptance Corp. team has over 25 years of experience in all aspects of the auto industry which help them understand the true needs of dealers and consumers in even the worst climates. Their lending program not only caters to all requirements needed to get customers financed, but also considers the speed at which dealers need to be funded. For more information on their products and services visit www.generalacceptancecorp.com or call (888) 799-5522.

About XpressCredit
XpressCredit is a leading provider of a web-based, indirect lending platform. Its patent-pending solution links lenders with auto, motorcycle, RV and marine dealers nationwide. A pre-screen of the applicant and collateral provides the ability for lenders to evaluate applications quickly and efficiently. Founded in 1999, XpressCredit is a New York corporation headquartered in Syracuse, NY. For more information visit www.xpresscredit.net or contact Mark W. Louer, Executive Vice-President (315) 634-5101 x206, mlouer@xpresscredit.net.