SCHAUMBURG, Ill., June 27 /PRNewswire/ — American FINCO Financial Services, a leading private-label credit provider, announced today that it has implemented a new credit scoring model designed to increase the number of approvals for its dealers and provide more zero discount approvals. While the positive effects of the updated scoring model will benefit all dealers, those dealers with strong performing portfolios will see an even bigger improvement.

“Our new scoring model allows us to better segment good applicants from applicants with a higher risk profile,” said David Perrine, Vice President of Risk Management. “The bottom line is that dealers will see higher approval rates and more approvals with no discount.”

In addition to providing more zero percent discount approvals, American FINCO will also buy deeper into the near-prime pool.

“Our dealers have told us that the credit market has tightened up, and we feel that we can meet their needs best by providing more approval options,” said Phil Layher, President of American FINCO. Dealers will begin seeing more near-prime approvals, including a new discount band for the deepest approvals.

American FINCO Financial Services offers innovative financing programs to consumers through a national network of dealers and retailers in the home improvement industry. The Company’s competitively priced and low documentation loan programs have helped dealers and retailers generate incremental sales and profitability since 1999. American FINCO also provides private label credit card programs to merchants in the water treatment and HVAC industries. For more information about American FINCO, visit http://www.finco.com/.

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American FINCO Promotes Executives

SCHAUMBURG, Ill., June 18, 2007 (PRIME NEWSWIRE) — American FINCO Financial Services, a leading private-label credit provider, today announced the promotion of David Perrine to Vice President of Risk Management and Angela Veres to Assistant Vice President of Financial Management.

Mr. Perrine joined American FINCO in 2002 and was responsible for developing the Company’s proprietary credit decisioning and pricing engine. He has also developed credit and collections scoring models, management and portfolio reporting, and the Company’s lifecycle profitability models. Mr. Perrine has 12 years of experience in a variety of analytical roles, including 7 years in risk management. He has an MBA from Northwestern University’s Kellogg School of Management and Bachelor’s degrees in Business, Mathematics, and Physics from the University of Washington.

Ms. Veres joined American FINCO in 2001 and was responsible for developing the Company’s financial reporting and forecasting analytics. In the last year, her role has expanded to include management of the Company’s accounting control, audit, and personnel activities. Ms. Veres has 11 years of experience in financial analysis and reporting. She has an MBA from Loyola University and a Bachelor’s degree in Finance from Roosevelt University.

“We are very excited to announce these promotions,” said Robert Kanatzar, Chief Operating Officer of American FINCO. “We congratulate David and Angela on their new roles and look forward to their continued contributions to American FINCO’s growth and success.”

American FINCO Financial Services offers innovative financing programs to consumers through a national network of dealers and retailers in the home improvement industry. The Company’s competitively priced and low documentation loan programs have helped dealers and retailers generate incremental sales and profitability since 1999. American FINCO also provides a private-label credit card program to merchants in the home improvement industry. For more information about American FINCO, visit http://www.finco.com/

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