Guest Contribution
Who Are The Real Bad Guys; Banks, Forwarders, or Agents?
Article from: CU Collector Written by: Jeremy Cross International Recovery Systems As we all know the state of the repossession industry has changed drastically in the last few years. What was once a very lucrative industry for all who ran their businesses well has become one of distrust and infighting that is seeing costs…
Read MoreHow dealers can make more in deep subprime without spending more
Article from: SubPrime News By Brian Deeley Spireon Dumb question: Who wants to make more money? We all do, of course. But is opening your business to more credit-challenged consumers worth chasing more delinquencies and repos? Good question; and one that becomes problematic if you don’t take the right steps to minimize your risk. But,…
Read MoreUsing Data Analytics to Predict Auto Repossession Success
Written by Steve Schroeder as part of the Resolvion Insights Series Statement of the Problem Several factors converge to cause current and future constraints in the repossession industry that will impact lenders, forwarders (also known as repossession management companies) and agencies alike. These factors will continue to increase in relevance over the next five to…
Read MoreChanges in the Asset Recovery Industry… “Alea Iacta Est”
Author: Ron L. Brown Source: CU Repossessions In the last 10 years lending institutions and asset recovery agencies have seen numerous escalating changes related to the services, products and resources required to compete at the marketplace. The services the agency once used to allow a profit margin, towing, keys and storage fees have been taken/given…
Read MoreComing Unhooked: The Growing Disconnect Between Lenders and Repo Agents
Author: Marcie Belles Source: Auto Finance News With auto loan delinquency rates rising, it would seem to be a good time to be a repossessor. But that’s not the case. Tow truck and vehicle insurance prices are climbing; license, bond, and other compliance-related costs are increasing; technology spending — to boost internal efficiencies and…
Read MoreHow Repo Agents Evaluate Lenders & Forwarders – A Look Into an Agent’s Metrics
Guest Author: Jeremy Cross President at International Recovery Systems Recently, I have had the opportunity to travel to various repossession related events, and in attendance were many lenders, agents and forwarders. Of the many conversations that took place, and there sure is a lot of them, one kept popping up- how do you evaluate…
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