Concora Credit announced today it has acquired Great American Finance Company’s private label portfolio and merchant relationships.
‘We think this is a great opportunity for our merchant partners to benefit from the scale and experience Concora Credit brings to the table,’ said Tom Anderson, CEO of Great American Finance.
‘We are excited to get to work converting the portfolio and onboarding the merchant/dealer partners,’ said Bruce Weinstein, the President and CEO of Concora Credit, ‘our stability, ability, and willingness to help merchants and dealers do more business every day with their customers will be on full display as we close this deal.’
Concora Credit expects to complete the conversion of the portfolio in early 2024.
About Concora Credit:
Concora Credit Inc. is a national leader in non-prime financing, serving over 5 million consumers through the Private Label and General Purpose credit card programs it services for issuing banks and working with over 500 merchant partners across 15,000 locations. The credit cards provide essential financing solutions to the underserved consumer, whether they are looking to buy from one of our retail partners or fund everyday purchases. The credit products are fair and transparent and come with the tools and services designed to help customers succeed.
