Daily Digest – January 15. Police Search Recovery Company For Stolen Vehicles & Goods; Shaw Systems Integrates DRN Data

Welcome to the Daily Digest! This post will offer a daily summary of news about the repossession and auto finance industries, the economy, the banking sector, technology, business, finance, and more. Please keep coming back every day to see what’s new and important! Some quick links to start your Thursday: Retail holiday sales increased 4%...

Daily Digest – January 14. Free Credit Score Program Expands; Report Raises Warning Signals About Rising Repossession Rates

Welcome to the Daily Digest! This post will offer a daily summary of news about the repossession and auto finance industries, the economy, the banking sector, technology, business, finance, and more. Please keep coming back every day to see what’s new and important! Some quick links to start your Wednesday: The chairman of the House...

Daily Digest – January 13. NJ Bill Would Outlaw Starter-Interrupt Devices; Most Americans Still Suffering From Recession

Welcome to the Daily Digest! This post will offer a daily summary of news about the repossession and auto finance industries, the economy, the banking sector, technology, business, finance, and more. Please keep coming back every day to see what’s new and important! Some quick links to start your Tuesday: The federal government will not...

Daily Digest – January 12. More Early Delinquencies In Auto Loans; TitleMax Opens New Stores

Welcome to the Daily Digest! This post will offer a daily summary of news about the repossession and auto finance industries, the economy, the banking sector, technology, business, finance, and more. Please keep coming back every day to see what’s new and important! Some quick links to start your Monday: Alabama Senator Richard Shelby, a...

Repossession Rates Projected To Increase in 2015

A projected increase in delinquency rates on auto loans in 2015 will likely also lead to an uptick in repossession assignment volume, according to TransUnion, one of the three major credit bureaus. TransUnion released data this morning that projects the 60-day delinquency rate on auto loans will increase to 1.27% by the end of 2015, up from 1.2%...

Who, or What, is RepoAnonymous?

RepoAnon.com went live late last month and not much is known about who is behind the site or the group. Whomever purchased the domain wishes to remain private and there is nothing on the site that would hint as to who, or how many, are responsible. The group, RepoAnonymous, is out to eliminate forwarders and to “bring back the direct lender...

Auto Loan Delinquency Rate Spikes in 3Q

The delinquency rate on auto loans rose 9% in the third quarter of 2014, compared with the same period last year, as more lenders continued to originate loans to borrowers with less-than-perfect credit. The 60-day delinquency rate for auto loans stood at 0.62%, according to data released by credit bureau Experian. About 40% of all new auto loans...

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