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Skip to content Collections News, Training and More! Menu Home Repo Agent Search Log In CURepossession Pre-Charge Off Skip Trace – Is It Worth the Money? March 18, 2021 March 18, 2021 by Cucolle1 Available industry data is clear, if a repossession agent has not recovered a vehicle within 30 days of working it properly, the recovery rate after that point is typically in the 6%-9% range. This reality provides a strong incentive to rotate the assignment to a different provider in order to improve the likelihood that a charge off can be avoided. With that said, skip trace services can be an alternative to leaving the assignment with an agent for the final 20 days before charge off. Read More! Categories Press Releases Tags Charge Off , Forwarding Companies , License Plate Recognition , License Plate Recognition Technology , LPR , Repo Agent , Repossession , Resolvion , Skip , Skip Investigations , Skip Trace , Skip Tracing KAR Announces Strategic Investment in AI-Powered Vehicle Inspection Technology March 16, 2021 March 16, 2021 by Cucolle1 Partnership with Ravin AI Fortifies KAR’s Digital Capabilities CARMEL, Ind. – March 16, 2021 – KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces a strategic investment and North American commercial partnership with Ravin AI. Ravin is an international provider of automated, mobile and CCTV-based artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance and remarketing customers around the world. The partnership enhances KAR’s data-driven digital capabilities and will enable the seamless flow of inspection information, data and images throughout the entire remarketing lifecycle for the company’s customers. Read More! Categories Press Releases Tags AI , Artificial Intelligence , Auction , Auto Remarketing , Condition Reports , KAR , KAR Auction Services , KAR Global , Ravin AI , Remarketing , Repossession Remarketing , Technology Allied Solutions Partners with PSCU for Delinquency Management Services March 13, 2021 March 13, 2021 by Cucolle1 St. Petersburg, Fla. (March 11, 2020) – PSCU, the nation’s premier payments credit union service organization, and Allied Solutions (“Allied”), one of the largest providers of insurance, lending and marketing products to financial institutions in the U.S., today announced they have partnered to provide financial institutions with single-source delinquency management services and support, including first- and third-party collections solutions. Through this end-to-end payments and collections partnership, PSCU and Allied will offer the most complete package of risk management and delinquency management solutions available in the marketplace today. Read More! Categories Press Releases Tags Allied Solutions , Auto Loan Delinquency , Collateral Protection Insurance , CPI , Credit Union , Credit Union Collections , Credit Union Collector , Credit Union Collector Training , CURecovery , Delinquency , Insurance , Loan Delinquency , Outsourcing , PSCU , Risk Management COVID Credit Risk the Focus of Upcoming NCUA Webinar March 11, 2021 March 11, 2021 by Cucolle1 March 11, 2021 – The NCUA will host a webinar March 24 to help credit unions monitor and identify areas of credit risk resulting from the coronavirus pandemic . The agency’s 2021 supervisory priorities include credit risk management and how credit unions are working with members impacted by the coronavirus pandemic while maintaining proper oversight of lending activities and compliance requirements. During the March 24 webinar, the NCUA will review: Read More! Categories News Tags COVID-19 , Credit Union , Credit Union Collections , Credit Union Lending , National Credit Union Administration , NCUA , Pandemic , Risk , Risk Management , Webinar Revolving Credit Balances Decline in January March 9, 2021 March 9, 2021 by Cucolle1 NAFCU Newsroom – Total consumer credit fell for the 10th time in the past 12 months, declining 0.4 percent in January (seasonally-adjusted, annualized). Revolving credit – primarily credit cards – was the driving force behind the drop as it fell 12.1 percent during the month and is down 11.6 percent compared to a year ago. Read More! Categories News Tags Analytics , Credit Cards , Credit Union , Credit Union Collections , Debt , NAFCU , National Association of Federally-Insured Credit Unions , Unsecured Loans Post navigation Older posts 1 2 … 346 Next → Search for: CURepossession.com – Latest News IL Repo Man Loses Three Month Battle with COVID-19 Support for Stabbed Repo Agent Helps Him Beat the Odds Recovering Agency Owner Needs Your Help Repossession Staff Needed in Southern California FL Recovery Agent Viciously Stabbed in Florida Needs Your Help! Copyright © 2010-2020 cucollector.com Copyright © 2010-2020 cucollector.com Contact Email: Editor@cucollector.com © 2021 CUCollector • Powered by GeneratePress...