Nostrum has secured another long term full servicing contract with a US short term loan company. Established in the US, the company currently operates 46 stores in 5 US states and offers a wide variety of consumer financial products including cash advance, vehicle lending and cash checking.
A spokesperson from the US lender commented "In line with our company's growth strategy, we were looking for a partner to enable a rapid and low risk entry into the UK market. Nostrum was able to provide both the icenet system with a scalable call centre resource and critically a successful, proven track record in the UK. Nostrum has given us a tremendous competitive edge - so much so that we want to keep our name a secret from our competitors also considering entering the UK market!"
Richard Carter, Nostrum's Chief Executive added "Nostrum is servicing the entire finance process from receiving the initial application and applying the lenders underwriting criteria through to arrears management and in-bound customer service." Richard added "We are delighted that such an established name in the US has selected Nostrum to support its UK market entry and see it as a testament to our capabilities to meet the outsouricng needs of global brands."
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