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Target to service loans for Blue Motor Finance

Target Loan Servicing has won another significant contract to service loans for the Blue Motor Finance portfolio owned by Merrill Lynch.

Target Loan Servicing now employs over 120 staff at its loan servicing operation in Newport, South Wales and the new motor loan portfolio was transitioned to Target Loan Servicing within just 12 weeks.

James Snow, chief executive officer for Target Loan Servicing, says: “Proactive and effective customer management is key for our client. The benefit of Target Loan Servicing is that we offer a highly specialist service with an experienced loan administration and collections team.

“Coupled with Target Group’s market-leading loan management systems, we can quickly deliver value for our clients. These factors enable us to be very good at realising the value of loan portfolios whilst ensuring we deliver on our Treating Customers Fairly principles.”

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  • kevin suddick ref no195594 last six digits 14th January 2010 at 3:53 pm

    why hav,nt you took payment of 60 pound bank says dd returned there is enough money in my account 4 this could u olease try again thank u mr kj suddick plus i find it shocking getting charged 12 pound 4 a letter when i have a agreement with yous