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Credit union repo assignments on the rise

Auto loan balances over 90 days delinquent in US increased to 4.2%

James Van Bramer

Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide.  Houston-based Automobile Recovery Bureau has seen more repossession assignments coming in from credit unions recently, Vaughn Clemmons, president of the agency and the American Recovery Association, told Auto Finance News.  “In Houston alone, we’re triple the number of repossessions we’re picking up […]

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