The lending industry is facing challenges unlike anything we have seen in years. Auto loan balances have reached a record $1.66 trillion*, and with delinquencies rising sharply, lenders are under intense pressure to protect their portfolios. More than 3 million vehicles are projected to be repossessed in 2025, and below-prime
License Plate Reader (LPR) cameras capture and analyze vehicle license plate information for security and operational efficiency. Used in parking lots, toll booths, and repossession trucks, they leverage advanced OCR technology for accurate identification. Ideal for recovery, fraud detection, and marketing, LPR cameras enhance monitoring, data collection, and safety in various environments.
Introduction Approximately 70 million Americans have debt in collections – and roughly only 20% of that debt is recovered. Mitigating risks and staying on top of delinquent accounts is more critical than ever before in the debt collections industry. License Plate Recognition Technology is an OCR “Optical Character Recognition” technology
Introduction The National Auto Finance Association’s or NAF’s Non-prime Auto Finance Conference 2023 serves as a valuable educational platform for lenders, recovery service providers, and the auto industry as a whole. While it encompasses a wide range of topics, its focus extends beyond delinquency management to cover various aspects of
DRN was happy to join Used Car Week again this year … this time in sunny San Diego. The event brings together all aspects of the used car industry and is a great opportunity to learn about current trends, discuss what’s ahead, network and enjoy time with colleagues and partners.
Recently published delinquency rates by vintage show signs of deteriorated portfolio performance. This trend is even more pronounced for consumers with subprime and deep subprime credit scores. 2022 vintage auto loans for deep subprime were 2.4 percent delinquent 8 months after origination, which is a 33 percent increase from the
The Byrider 20 conference in Austin Texas was a great chance for Byrider franchise owners to gather to share best practices and understand overall company direction from their corporate leaders. Going into the conference, our objective for DRN was to talk to franchisees about our Active Duty Alerts tool –
DRN hosted a great week of discussions, networking and golf – both hitting the course ourselves and watching the pros – in May. I think this was one of our best gatherings ever as we packed a lot of action into a few days and were able to make the
The National Automotive Finance Association (NAF) held its annual Non-Prime Auto Financing Conference last week in Plano, Texas. This was a great opportunity for subprime lenders to network, share best practices, get updated on industry trends and learn about new innovations in our space. I spoke to many lenders, agents
Kotie’s Cars is a Buy Here Pay Here dealer in Waco, Texas, that offers in-house financing. Kotie’s uses traditional GPS trackers in their vehicles – which work well until they don’t, either due to a problem or because someone disables them. David from Kotie’s Cars had a recent situation in
The lending industry is facing challenges unlike anything we have seen in years. Auto loan balances have reached a record $1.66 trillion*, and with delinquencies rising sharply, lenders are under intense pressure to protect their portfolios. More than 3 million vehicles are projected to be repossessed in 2025, and below-prime
License Plate Reader (LPR) cameras capture and analyze vehicle license plate information for security and operational efficiency. Used in parking lots, toll booths, and repossession trucks, they leverage advanced OCR technology for accurate identification. Ideal for recovery, fraud detection, and marketing, LPR cameras enhance monitoring, data collection, and safety in various environments.
Introduction Approximately 70 million Americans have debt in collections – and roughly only 20% of that debt is recovered. Mitigating risks and staying on top of delinquent accounts is more critical than ever before in the debt collections industry. License Plate Recognition Technology is an OCR “Optical Character Recognition” technology
Introduction The National Auto Finance Association’s or NAF’s Non-prime Auto Finance Conference 2023 serves as a valuable educational platform for lenders, recovery service providers, and the auto industry as a whole. While it encompasses a wide range of topics, its focus extends beyond delinquency management to cover various aspects of
DRN was happy to join Used Car Week again this year … this time in sunny San Diego. The event brings together all aspects of the used car industry and is a great opportunity to learn about current trends, discuss what’s ahead, network and enjoy time with colleagues and partners.
Recently published delinquency rates by vintage show signs of deteriorated portfolio performance. This trend is even more pronounced for consumers with subprime and deep subprime credit scores. 2022 vintage auto loans for deep subprime were 2.4 percent delinquent 8 months after origination, which is a 33 percent increase from the
The Byrider 20 conference in Austin Texas was a great chance for Byrider franchise owners to gather to share best practices and understand overall company direction from their corporate leaders. Going into the conference, our objective for DRN was to talk to franchisees about our Active Duty Alerts tool –
DRN hosted a great week of discussions, networking and golf – both hitting the course ourselves and watching the pros – in May. I think this was one of our best gatherings ever as we packed a lot of action into a few days and were able to make the
The National Automotive Finance Association (NAF) held its annual Non-Prime Auto Financing Conference last week in Plano, Texas. This was a great opportunity for subprime lenders to network, share best practices, get updated on industry trends and learn about new innovations in our space. I spoke to many lenders, agents
Kotie’s Cars is a Buy Here Pay Here dealer in Waco, Texas, that offers in-house financing. Kotie’s uses traditional GPS trackers in their vehicles – which work well until they don’t, either due to a problem or because someone disables them. David from Kotie’s Cars had a recent situation in
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