Lenders battle recovery woes with collections, servicing strategies
Auto lenders must creatively prioritize servicing and collections initiatives as recovery rates fall to historically low levels across the industry, ...
Tag: American Recovery Association
Repo agency margins squeezed, driving agencies out of business
Profitability woes continue to prompt vehicle recovery agencies to shutter operations leading to longer recovery times amid rising repossession volumes. ...
Illinois law will require repo agencies to wipe consumer data
An Illinois bill requiring repossession agencies to wipe consumer data from vehicles before they leave repo lot will go into ...
When is repo valid? Regulators probe repossession practices
Repossession agents are facing headwinds as they try to meet growing lender demand, and the situation is now drawing the ...
3 ways to improve recovery rates
Auto lenders need to take a close look at their repossession policies and procedures as regulators home in on the ...
Houston repo agency’s volume up 15% YoY
Houston-based repo agency Automobile Recovery Bureau has seen a 15% year-over-year increase in repossession volume as recovery requests continue to ...
Auction repo check-ins 14% below pandemic levels
The number of repossessed vehicles at auction is growing but remains 14% below pre-pandemic levels as recovery agencies have become ...
Recovery pickup time slows as repo volumes surge
Vehicles marked for repossession are taking longer to pick up due to a jump in volume and a bottleneck caused ...
