Tag Archive

Subprime Auto Loan Losses Reach Highest Level since the Financial Crisis

Published on March 13, 2017 By Cucolle1

Subprime net loss rate in auto bonds rose to 9.1% in January U.S. subprime auto lenders are losing money on car loans at the highest rate since the aftermath of the 2008 financial crisis as more borrowers fall behind on payments, according to S&P Global Ratings. Losses for the loans, annualized, were 9.1 percent in […]

Auto Loan Losses at Six Year High – Fitch Ratings

Published on September 6, 2016 By Cucolle1

Banks’ loan losses from car financing have risen to a six-year high, new figures show, as the patchy labour market and the mining slump causes more borrowers to fall behind on their payments. Fitch Ratings says the proportion of automobile loans that suffered a loss after lenders sought to repossess the vehicle rose to 0.62 per cent in the June […]

CU Recovery Employee Community Involvement Giving Back an Important Part of the Company Culture

Published on December 8, 2015 By Cucolle1

FOR IMMEDIATE RELEASE Wyoming, MN – December 8, 2015 – Community can be defined as ‘a unified body of individuals sharing common attitudes, interests and goals.’ The staff of CU Recovery steps to the front of the line in their commitment to the local community. The company culture illustrates involvement from top management down through […]

Measuring Collection Department Results Challenging the Status Quo

Published on May 19, 2015 By Cucolle1

FOR IMMEDIATE RELEASE Wyoming, MN May 19, 2015.      Most companies apply performance measurements to evaluate their success at reaching targets, as well as their effectiveness in achieving key business objectives. Credit union collection departments also look at performance indicators to measure recoveries, delinquency levels, and the number of charge offs.  CU Recovery, the leading collection […]

Developing World-Class Debt Collectors

Published on March 9, 2013 By Cucolle1

FOR IMMEDIATE RELEASE The science behind success? Training formulas that work WYOMING, MN; March 6, 2013. The best debt recovery strategy includes a tool box filled with formulas that work, even when circumstances change. Industry experts at CU Recovery, the leading collection solution for credit unions, see the future of training trending towards establishing resources […]

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