Sparta Commercial Services Inc. has announced that its relationship with an aggregator partner of online consumer credit applications has resulted in a much higher than anticipated volume of applications, according to MarketWatch.
The company says the applications have been processed by its iPLUS(R) credit decisioning engine during the last three months.
Anthony Havens, Sparta’s CEO, stated, “The significant increase in online consumer credit applications that Sparta is receiving validates our investment over the last three years in the development of our iPLUS(R) credit decisioning software. iPLUS(R) allows us, on a scalable basis, to process increased volumes of applications without a proportional increase in staffing levels and other operating costs.”
Havens says the increase in applications is a sign that despite the problems in other sectors of the credit markets, consumer interest in acquiring powersports vehicles continues to grow.
“We attribute this, at least in part, to the growing number of people who are reacting to record high gas prices by choosing motorcycles or scooters as a much more economical way to meet their commuting and local travel needs,” he said.