Category - News

PRA LPR Unit Sold To Investment Fund

The license-plate recognition unit of Portfolio Recovery Associations (PRA), formerly known as PRA Location Services, has been acquired by an affiliate of Delaware Street Capital, an investment fund. As part of the acquisition, the company has been renamed Pathfinder Services. Here is an announcement from the company: To all Customers and...

More People Signing On To Car-Sharing Services

Are the days of repossession agents numbered? A report in the Washington Post may show the future of driving and in it, repossession agents may no longer be needed. More people are subscribing to car-sharing services, and forgoing owning their own vehicles. A program offered by Cadillac in New York City allows individuals to swap automobiles like...

Repossession Associations Forced To Assess Bond Policies

A complaint in Texas has led to a $100,000 fine and forced the three major industry associations assess how to offer bonds that are intended to protect repossession agents and clients in the event of an incident. It was uncovered that the manner in which the associations were issuing the bonds — under a group insurance policy — was not allowed...

Daily Digest – February 13. BHPH Expert Talks About Improving Collection Rates; Repossession Incident Leads to Gunfire, Burglary Charges

BHPH EXPERT TALKS ABOUT HOW TO IMPROVE COLLECTION RATES More collectors making more phone calls is not the way to improve collection rates in the Buy Here, Pay Here market, according to one professional. Empathy and taking a scientific approach to collections by analyzing data and payment patterns will yield better results. REPOSSESSION...

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