Credit Management Solutions Inc. and Universal Computer Systems Inc. have introduced a financing system for instantly processing automotive credit applications.

The agreement combines Universal Computer's role as the third-largest supplier of in-dealer computer systems in the United States with Credit Management's Credit Connection financing system. Universal Computer will standardize on Credit Connection and promote the service as the primary method of transmitting credit applications.

Dealerships will need only to enter data once, and Credit Connection will submit the application on-line to multiple lenders' systems. The time to process and approve an application should be reduced from a few hours to a few minutes.

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