Guest Contribution

Who Are The Real Bad Guys; Banks, Forwarders, or Agents?

who are the real bad guys

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 More

How 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 More

Using Data Analytics to Predict Auto Repossession Success

Using data analytics

Written by Steve Schroeder as part of the ALS 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…

Read More

Changes 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 More

Coming Unhooked: The Growing Disconnect Between Lenders and Repo Agents

coming unhooked by auto finance news

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 More

22 Repo Industry Statistics, Trends & Analysis

Repo Industry Statistics

Article from: https://brandongaille.com/22-repo-industry-statistics-trends-analysis/   The repo industry is involved in the business of repossession. When consumers default on a loan, such as a car loan, then a lien on that item can be activated. The consumer can be ordered to turn the product over because of the lien. Most owners refuse to do so. That’s…

Read More