Of all the challenges facing lenders controlling losses is at the top of the list. With the recent changes in the economy, charge-offs are at a record high. This is an opportunity for you to define how this group can best help you.
I would like to hear what you would like to see and what topics are of most interest to you.
Great idea, Terry. Repossessions are definitely a very hot topic. Many of the companies that specialize in this area have signed up to participate at our upcoming Auto Finance Summit. Clearly, this area of the business will play an important role for the foreseeable future.
I have been in the credit collection industry for almost 30 years now. Most of the time it has been agency related, but always included locating debtors for the recovery of collateral. What are people doing these days to improve their recovery techniques. I think that we can also help improve the numbers that are out there. Especially in these tight times with the economy and unemployment at an all time high, I would imagine that reposessions are in even greater demand.