Hampden Group Holdings provides consumers with several programs for loans and special financing in the sub-prime lending market.  These short-term, largely unsecured loans provide borrowers with a viable alternative to banks, credit unions and other financial institutions for addressing cash flow difficulties.  The Hampden Group portfolio of special financing programs includes consumer cash advances, (payday loans), auto title loans, and third-party auto financing.

Consumer Cash Advances (Payday Loans)

Payday loans are small-dollar, short-term, unsecured loans that borrowers promise to repay out of their next paycheck or regular income payment. Payday loans are usually priced at a fixed-dollar fee, which represents the finance charge to the borrower.  Traditionally, these loans required the borrower to complete these transactions in a physical storefront.  Hampden Group Holdings has developed an Internet-based system that allows the borrower to complete the loan process on-line, from approval through funding.

Auto Title Loans

Consumers that require larger loan amounts can use their automobiles as collateral to borrow up to 50% of the vehicle’s wholesale value.  To complete the loan process, the borrower signs over the vehicle title and agrees to repay the loan over time.  Hampden Group Holdings operates several websites to gather the information needed to determine if the applicant is eligible for a vehicle title loan.  Unlike, payday loans, vehicle title loans require several off-line steps to complete the loan process.

Third-party Auto Financing

Hampden Group Holdings provides smaller, used car dealerships with an alternative financing option for their customers that can’t qualify for traditional auto loan.  When customers of these auto dealerships need financing, but don’t have the proper credit score, the Hampden Group will fund these loans at above market interest rates.