The "CURE" Program
There are cost free solutions for credit unions and other financial institutions who are looking to drastically reduce the number of repossessions. In most situations by educating the consumer on the pitfalls and repercussions of a repossession the whole scenario can be avoided. When the credit union or lender is unable to get through to the consumer what is needed is an alternative voice. When a situation is escalated to a third party the debt is always going to be taken more seriously. The whole goal of third party collections is to make the debt that they were hired to collect on (the auto loan) take precedence each and every month. Additional goals to be achieved through outsourcing collections on your auto portfolio........
o Breaking the cycle of delinquency
o Rehabilitate your member
o Improve member relations
o Reduce repossession
o Reduce deficiency balances
o Reduces legal fees
603-952-4758