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Q. Who is Tamarack Funding Corporation? Tamarack is an experienced management services Company whose origin is in Dallas, Texas. We began managing Receivables in 1995 for private Clients. We have a sister Company in Ft. Lauderdale Florida that has been operating since 1996. Our Clients have been consistently receiving monthly distributions of earned income since we began. We are members of the Better Business Bureau in Southwest Missouri and the Branson, Missouri Chamber of Commerce. We are contract managers of consumer Receivables. We have many repeat customers who periodically increase their Receivables ownership. Q. What is meant by the term "Receivables"? "Receivables" is the term frequently used to represent consumer credit contracts and financing agreements on the purchase of products and services. Consumer credit contracts (Receivables) pay high interest and produce a steady cash return. For this reason, owning Receivables has become extremely attractive for private investors who don't like to speculate on the risk and fluctuations of the stock market. Owning Receivables allows investors to enjoy higher than usual monthly interest earnings and steady, reliable, periodical returns on investments. Q. How do I earn 12% on my Receivables? Tamarack deposits the monthly payments received into your account in full after deducting the service charges. It is suggested that our clients enjoy the returns on consumer paper in any one of three ways; 1. Take all of the money returned to your account. 2. Take a fixed amount of interest only from the account and leave the rest to buy more receivables. (This option keeps your initial principal working for you while you enjoy the income.) Or 3. You may choose to leave all money earned in your Servicing Account to be used for the purchase of additional receivables. (This option provides maximum application of funds in Receivables for compounding of interest earnings into higher and higher rates of return.) Q. Why should I be using Tamarack to service my Receivables? The problem with owning receivables is the difficulty of collections and the risk that a purchase agreement may default and become worthless. Also, in the event of default, financed property must be re-possessed and re-sold for the best recovery advantage. Without the volume and continuous experience of applying these services it is very difficult or impossible to recover the maximum available on a repossession and re-sale of a repossessed automobile. Tamarack has the expertise and connections to get the most benefit available for repossession and re-sale of financed property. We have collections expertise and customer relations methods that work. In fact, we can predict the default rate so well that we can replace any of your Receivables that default out of our service fees without any additional charge to you. Also, Tamarack maintains insurance to protect against losses. Q. Where is my money kept and how will it be applied? We will open a savings account in a prominent bank for you. You will authorize Tamarack to draw funds from the account to make purchases of Receivables for you. If you make additional deposits in your account, amounts deposited will be used for additional Receivables purchases. Payments collected from obligors on your Receivables will be deposited into your savings account as specified in the Servicing Agreement. Q. What kinds of Receivables will Tamarack manage for me? Tamarack's expertise applies best to Automobile Purchase Agreements. This industry notoriously pay higher interest rates than others. Our services and management expertise can be applied to other Receivables you may already own or that we may be directed to find for you as well. However, Automobiles are our expertise. Q. Where do my Receivables come from? Our sister Company, Tamarack Auto Sales, creates Receivables by selling automobiles to customers who need financing. Then we finance each of the buyers of the cars using an individual Client's account. We then enhance them with additional insurance and our Servicing Agreement, and collect the monthly payments for our Clients. Q. What if a car buyer doesn't make his payments? Yes, some defaults occur, in fact we try to maintain our default rate at about 12%, which we absorb ourselves since we have better capacity to recover losses than our clients do. We replace a contract or reimburse your account in the event of default. In fact, you won't even notice a default. Deposits of your scheduled payments will continue without interruption. Our determination is to serve you, our client, so well that losses never occur to you. We care, most of all, for your interests. In fact, the safe return on your Receivables is our number 1 priority. Q. How much does it cost me for management services? For services on Auto Receivables Tamarack will charge your account, fees equal to the excess monthly interest earned by the Receivables contracts over 12% per annum.
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