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RTO National Acquires Consumer Lease Portfolio from US Credit Inc.

RTO National, North America’s largest provider of consumer lease purchase and installment contracts to the backyard products industry, reports that it recently acquired the backyard products lease portfolio from US Credit Inc.

 “The portfolio acquisition provides RTO National with an even greater presence in Florida,” says Phil Falls, RTO National founder and president. “We have a long and positive relationship with the team at US Credit.” 

US Credit Inc., a specialized consumer finance company based in Florida, primarily serving the portable shed, steel building and home improvement industries, is focusing on building its finance portfolio. The disposition of the lease portfolio is key to achieving its strategic initiatives.

Shares Falls, “Florida continues to be an important market for us and being able to increase our presence by working with the team at US Credit was a win/win for both of us.”

Falls founded RTO National’s parent company, BetterBuilt Storage, in 2003. BetterBuilt Storage manufactured storage sheds in South Carolina, which were retailed at more than 60 locations, primarily in the Southeast. 

In 2008, RTO National was formed to operate as the financial services division of BetterBuilt Storage. Operating in 45 states, RTO National continues its success by being a leader in offering innovative market products backed by an experienced direct sales force working with independent dealers.

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