Atlanticus Holdings Corp. Preferred Stock 9.25% (ATLCZ)

Overview

Atlanticus Holdings Corporation, established in 1996 and headquartered in Atlanta, Georgia, specializes in providing credit and related financial services to customers across the United States. The company operates through two main segments: Credit as a Service and Auto Finance. Through these segments, Atlanticus Holdings offers a wide range of consumer loan products and services, including private label and general purpose credit cards, auto loans, and loan servicing. The company focuses on offering credit solutions to a diverse clientele, including through partnerships with retailers, service providers, and third parties in various sectors such as retail, healthcare, education, and home improvement.

Products and Services

• Credit as a Service:

This segment encompasses the origination of various consumer loan products, including:

• Private label and general purpose credit cards originated by lenders through retail and healthcare channels, direct mail solicitation, digital marketing, and partnerships with third parties.
• Consumer financing for purchases of goods and services like consumer electronics, furniture, elective medical procedures, healthcare, educational services, and home improvements. This is achieved by partnering with retailers and service providers to offer credit to their customers.
• Loan servicing options, including risk management and customer service outsourcing for third parties, highlighting the company’s capacity to manage loan portfolios beyond its own origination.
• Investment and testing in consumer finance technology platforms, indicating a focus on innovation and optimization of financial services through technology.
• Auto Finance:

This segment is tailored towards the automotive sector, offering services such as:

• Purchasing and/or servicing loans secured by automobiles, collaborating with a network of independent automotive dealers and automotive finance companies primarily in the buy-here, pay-here, and used car segments.
• Providing floor plan financing and installment lending products to dealerships, thereby enabling them to manage inventory and sales through financial support.
Additionally, Atlanticus Holdings invests in and services portfolios of credit card receivables, further broadening its financial service offerings across consumer sectors.