IDA, LLC was founded by Larry W. Pearson as a family-owned and operated auto finance company located just outside Atlanta that has been helping people with less than perfect credit get back behind the wheel of a car since 2001. We understood that life is full of challenges that can sometimes result in less than perfect credit. We also knew it can be frustrating trying to get your credit back on track when you can’t get a loan to buy the vehicle you need to go to work and get around town.  Over the past several years the company provided auto loans with affordable monthly payments to over 10,000 good people who needed a safe and reliable car or truck and a little help to improve their credit. 

Early in 2022 First Financial Asset Management (FFAM360), a best-in-class organization that provides customer-centric solutions that address all phases of the credit and revenue lifecycle announced its acquisition of Independent Dealers Advantage in Suwanee, GA, to strategically expand FFAM360’s footprint in the auto finance sector. 

This acquisition, along with a much larger acquisition of the assets of an auto finance company out of Kentucky, will form the basis of the newest member of the FFAM360 Alliance of Companies—IDA Acceptance 360. FFAM360 provides comprehensive solutions for business process outsourcing, accounts receivable management, healthcare revenue cycle management, receivable purchasing, and finance, and will now move into the auto financing industry with IDA Acceptance. 

“This acquisition marks an exciting new chapter for not only the FFAM360 Alliance of Companies but also for hundreds of our clients and potential clients looking to leverage financing options to underserved consumers in the U.S. credit economy,” says President and Chief Investment Officer Matthew Maloney. “IDA Acceptance 360 highlights our eagerness to expand, grow, and build upon our position as leaders in all aspects of the receivable management industry.”

You can view the formal announcement here.