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4 Trade-Offs Between Repossession Fees and Recovery Results

trade-offs between repossession fees and recovery results

Repossession services are available through multiple providers so why pay more than what the low-cost provider is willing to accept? The image illustrates four trade-offs between repossession fees and recovery results. When recovery fees are driven down to rock bottom levels, the service provider (whether a direct agent or a forwarder/skip company) is typically forced…

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LRBPF: Personal Property and Redemption Practices by Auto Lenders

Repossessions Personal Property and Redemption Practices

Did you know that over 40% of lenders don’t allow repo agents to  charge fees directly? We recently asked over several auto lending institutions to participate in a survey that covered the scope of allowable fees and institution practices. Each lender is a member of our LinkedIn Group “Lenders Repossession Best Practices Forum” (LRBPF). Over 50…

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LRBPF: Vendor Score Carding Strategies for Auto Lenders

auto lenders vendor score carding

The primary objective of our LinkedIn Group, Lender’s Repossession Best Practices Forum (LRBPF), is to provide members with insights on best practices and processes deployed by others. With that said, we recently surveyed over 100 lenders to gauge different score carding strategies.  The survey results were very informative and gave insight into different techniques used…

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Key Issues Surrounding All in One Repossession Pricing

all in one pricing auto repossession

When it comes to auto repossession services, all in one pricing can, indeed, offer benefits in these areas.  However, as many lenders have come to understand, it must be approached very carefully and requires fairly deep analytics to gain a clear view of where the pricing should fall. Here are the key issues surrounding an…

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How to Get More Out Of Your Skip Tracing

Get More Skip Tracing

Article by Will Turner at TEC Services Group: http://tecsg.com/analyticalperspectives/get-skip-tracing/   Ask five people what the best skip trace tools and techniques are to find John Doe and you are likely to get five different answers. Why? It is relative. Searching for a missing child you’d likely have different time and money limitations than searching for…

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