Commonwealth Management Group was formed in 2001 and is located in Charlotte, NC. The principals of the company share a combined 17 years in the Accounts Management Industry, and have served in Senior Management positions with some of the largest firms in the country. CMG is a full service Accounts Receivable Management Firm; with a wide array of programs including: Debt Collections, Account Outsourcing, Portfolio Stratifications, ROI Analysis, Software Development, First and Second Placement account recovery. Our experience includes, Auto Loans ( performing and non performing), delinquent personal loans, credit lines,bad check recovery, past due invoices, both commercial and residential accounts.
If you are seeking to either purchase or sell your deliquent recevables, please feel free to contact one of our representatives.
Are there still the personal ties between the dealership F&I person and the local lending officer who could (manually) override a low score? One of the downsides of the greater “marketization” of such transactions is that human ties are weakened or disappear — and the sort of information that would make or break a deal is not likely to be well conveyed by a credit report and standard fill-in-the-blank loan application. What is the new job, how stable, lower income but what of other expenses, etc? Note this logic / insight lay behind the work on monetary policy transmission that helped bring Bernanke to note among his economist peers: bank failures disrupt these sorts of informal networks, and hence mean potential credit transactions don’t occur. It’s easy to come up with analogous situations in the manufacturing end of the auto industry, there are things you can do between (parts) suppliers and assemblers when the engineers and buyers/sales people know one another that won’t be attempted when it’s a set of new faces.