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Old 06-04-2008, 01:21 PM   #1
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Default Ultimate Escapes and FirstAgain

As some of you may have seen on their website, Ultimate Escapes partners with FirstAgain to provide financing to prospective members. If you have any questions about how FirstAgain's online loan works, I'd be happy to answer them as best I can.

Scott
FirstAgain
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Old 06-04-2008, 03:49 PM   #2
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Default Re: Ultimate Escapes and FirstAgain

Question -

How many loans have you written for Destination Club members and can they log in here and post about their experience. This would give your company a lot of credibility.
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Old 06-04-2008, 04:37 PM   #3
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Default Re: Ultimate Escapes and FirstAgain

FirstAgain has provided loans to three Ultimate Escapes members, all within the last 6 weeks as our partnership is relatively new. FirstAgain is a relatively new company in general and is even newer in the vacation ownership space.

Because we are a privately held company I'm not authorized to speak specifically to how many loans we have in a given category, but I can say that FirstAgain as a whole has more than $100 million in loan originations and thousands of customers. The company is backed by Merrill Lynch and Arsenal Capital Partners, and the founders of FirstAgain are the same people who founded PeopleFirst, which became the largest online auto lender prior to its sale to Capital One in 2001. But like I said, we're very new in this particular space and have only recently started originating loans in this category.

Last edited by sdesiere21; 06-05-2008 at 12:59 PM.
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