NORCROSS, GA – Just in time for its one-year anniversary, Vital Solutions, Inc. recently announced an impressive servicing milestone: It has been assigned more than $1 billion in receivables for servicing. That accomplishment makes Vital Solutions one of the fastest growing account receivables management companies in the finance space.
Vital Solutions also announced today that it would begin servicing loans for Chase Automotive Finance and Bank One Retail Lending, units of two of the largest banks in the nation. Vital Solutions already services loans for Mitsubishi Motors Credit of America, Nissan Motor Acceptance Corp., and Porsche Financial Services, Inc., among others.
To accommodate its growth, Vital Solutions has already tapped more than 100 collection employees at its 23,000 square-foot, state-of-the-art facility.
?Our success is squarely based on the solid execution of our outstanding business model, which has produced exceptional performance results for our national clientele,? said Chris J. Gugala, executive vice president and chief relationship officer of Vital Solutions. ?As we look ahead to the next 12 months, we envision even more success, given our unique ability to design creative servicing solutions for our credit grantor/debt buyer partners.?
About Vital Solutions
Vital Solutions focuses primarily on account receivables management in the auto finance, credit card and commercial credit industries. It operates two subsidiaries ? Vital Recovery Services, Inc., which handles third-party collections, and Vital Outsourcing Services, Inc., which performs first-party collections. Vital Solutions also offers its clients lettering and statement services via a licensing agreement with a multi-purpose, fully integrated print shop.
