Travelers Acceptance Corporation and RIFCO Join Forces

Travelers Acceptance Corporation and RIFCO Inc. today announced the formation of a strategic alliance whereby the companies will together work to assure that consumer finance solutions for repairers, garages, repair centres, repair Shops, and auto maintenance centres will be provided under Travelers Automotive Aftermarket Finance Program.
The alliance broadens the scope of Travelers Acceptance consumer-based finance solutions, while allowing RIFCO to exit this non-core channel in order to maximize unprecedented growth of its non-prime Auto Purchase Financing through its Canadian automotive dealer network.
“We welcome the opportunity to work with RIFCO senior executives to ensure that there is no
disruption of service delivery to the thousands of repairers nationwide utilizing automotive
aftermarket financing to increase sales, profits and consumer loyalty to their repair operation,” said Karl Sigerist, senior vice president and COO for Travelers Acceptance Corporation.
“Travelers is uniquely suited to serve the point-of-sale financing needs of RIFCO’s network of
repairers,” said Bill Graham, president and CEO of RIFCO Inc.