Wells Fargo Financial, the consumer finance subsidiary of Wells Fargo & Co., is going where fewer and fewer dare to tread, announcing Thursday a deal to boost its automobile lending business by nearly one-third.

The Des Moines-based consumer finance company said it bought $900 million of managed net receivables and the business relationships of Flagship Credit Corp. of Philadelphia. The deal increases the assets of Wells Fargo Financial Acceptance - the auto lending unit of Wells Fargo Financial - to $2.5 billion.

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