The Stupid Math behind Contingent Repossession Assignments

math“People don’t always respond to incentives in the ways you might predict. What distinguishes good economic thinking from bad is recognition of the subtle, creative, and often unforeseen ways that people respond to incentives.” Economist Glen Whitman

 

GUEST EDITORIAL

Ask any economist, and he’s tell you that the business world works best where there are proper incentives in place to guarantee the best performance. And bad incentives produce what’s called “perverse consequences”. And there’s a secret perverse consequence to contingency assignments that’s being kept hidden.

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Thank You Lenders, Agents and Vendors!

Pafa new smallress Release

Allied would like to thank all who visited the AFA website and utilize our bonded, licensed, CFPB Trained and Professional members in 2014. Our 2014 website stats indicated we had over 1,650,000 overall page hits, of that over 91,600 are returning visitors. Over 6,200 assignments passed our secure and compliant portal, directly to our members, no third party software here! In October 2014 AFA hit a milestone of over 315 members, not office locations but actual members! AFA is by far the largest membership of any repossession trade association.

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Santander Agrees to pay $9.3M for Violating Servicemen’s Rights

law_stWashington, DC – February 25, 2015 — Auto lender Santander Consumer USA agreed to pay at least $9.35 million for improperly repossessing more than 1,100 vehicles from active duty military service members, the Justice Department said Wednesday.

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Repo Man Wanted for Flashing Gun

gun_at_headSterling, VA – February 25, 2015 – Loudoun County police are looking for a Repo Man who brandished a firearm Tuesday at a Sterling home during an argument.

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Gillette Woman Charged with Assaulting Repo Men

hit_b_carGillette, WY – February 23, 2014. A Gillette woman has been charged in Circuit Court with aggravated assault and battery after allegedly trying to run over a Repo Man attempting to repossess her car.

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Botched Dealer Repo Leads to Car Chase

crchaseFargo, ND – February 21, 2015 – When a check bounced at a West Fargo used car dealership, the dealership took matters into its own hands, leading to a car chase Saturday, Fargo Police say.

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Gun Toting Woman Levels Gun at Repo Men

wmn_gun_pntngRock Hill, SC – January 31, 2014 – A Rock Hill woman who told deputies two repo men did not present paperwork when they tried to reclaim her car was arrested this week after the alleged victims claimed she chased them with an aluminum baseball bat and held a gun to one’s head, authorities said.

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ROA AWARDS AUCTION OF THE YEAR

ROA_logo

ADESA Sioux Falls recognized for outstanding performance

FOR IMMEDIATE RELEASE

PASADENA, Calif., February 17, 2015 — Remarketing of America (ROA), the premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, announced today ADESA Sioux Falls as its first national auction of the year ROA BlueAward winner.

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Allied Finance Adjusters offers “Free Vendor Ad’s”

afa new small

PRESS RELEASE

Allied’s motto to its members has always been, “What does Allied do for you!” Well we have taken that a step forward and extended that to all vendors of our industry. Any Vendor that provides goods or services to the repossession industry can now have a FREE Ad Listing on the AFA Website.

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Allied and RSIG 2015 “Communication is Key!” Mark Your Calendars and Save the Date!

afa_rsig

The 2015 Annual Seminar will again be a joint training seminar with Recovery Specialist Insurance Group and Allied Finance Adjusters.

June 24-27, 2015 is the date!

Registration will be opening soon! – Stay Tuned

 

The Scottsdale Resort & Conference Center

in Scottsdale, Arizona is the place!

PRESS RELEASE

We have been able to negotiate a phenomenal $99 room rate with The Scottsdale Resort!  Just 12 miles from Phoenix Sky Harbor International Airport (IPHX) and just minutes away from local restaurants and shopping in Old Town Scottsdale. A AAA rated 4 Diamond Resort, The Scottsdale Resort is going to be a great facility for our 2015 conference!

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