Intrepid Holdings, Inc., formerly AutoFund Servicing, Inc., provides third-party collection and recovery services to investors, auto loan companies, banks, buy-here-pay-here companies and auto finance-related companies that have bad debt accounts. After default has occurred against the original lender, the Company purchases the account and attempts to collect money on the account. The Company provides existing clients with all data on each individual account. This data is stored on paradata servicing platform and includes customer balance, daily transactions, collection history and collection notations. Client reports are provided monthly, weekly or daily depending upon the client requirements. It also provides data warehousing services for its clients on a long-term agreement. In July 2000, the Company was formed through a reverse acquisition between AutoFund Servicing and Sphinx Industries, Inc. In July 2004, it changed its name to Intrepid Holdings, Inc.