Available industry data is clear, if a repossession agent has not recovered a vehicle within 30 days of working it properly, the recovery rate after that point is typically in the 6%-9% range. This reality provides a strong incentive to rotate the assignment to a different provider in order to improve the likelihood that a charge off can be avoided. With that said, skip trace services can be an alternative to leaving the assignment with an agent for the final 20 days before charge off.
Pre-Charge Off Skip Trace – Is It Worth the Money?
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