EDITORIAL
Why is the repossession industry dying? Simple. You’re getting hosed!
There has been a lot said about the recently announced ARA compliance mandate agreement with Bridgecrest/Drivetime. Mostly about the value of not only this agreement, but the sudden change of stance in regards to low paying contingency assignments. While I’ll avoid confronting those issues for now, Bridgecrest is a perfect example of a lender who has been picking away at the industry for years and I have some data to show it in action.
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