HOUSTON – Shaw Systems Associates, Inc. announced that Coastal Credit has licensed Shaw’s RETAIL and COLLECTIONS loan servicing software. Coastal Credit specializes in purchasing contracts from new and used automobile dealerships. Coastal is a nationwide lender servicing dealers in over twenty states with over 25 years’ experience in the industry. Coastal Credit understands the specific needs of their market and they're a service oriented company that we’re happy to help out with their Retail and Collections needs. They plan on using our software to improve efficiency, boost their collections efforts, and take advantage of the flexibility our software provides.
Shaw’s customer focused software supports a wide range of consumer lending products including loans, line of credit, home equity, dealer/indirect, floor plan, commitments, escrow, securitization, and insurance. Our software accommodates every phase of an account’s life cycle and automates processes to help companies navigate the dynamic credit landscape.
About Coastal Credit
Coastal Credit has been servicing the automobile industry since 1987. Their primary customer base is in the secondary used car market and they purchase loans made to military and civilian consumers. Coastal Credit is based in Virginia Beach, VA.