As Automotive Loan Delinquencies Rise, TowerGroup Underscores Need for Lenders to Rethink ‘Status Quo’ on Debt Collections

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This exhibit paints a broad overview of best practices that TowerGroup recommends in auto collections. These are practices that lenders should be enacting now to prevent increasing delinquencies and defaults and avoid ultimately having to repossess and remarket the automobiles that are collateral for their loan portfolios. The status quo in collections processes is not acceptable. Change and action are mandatory for lenders to survive current market conditions. (Photo: Business Wire)
This exhibit paints a broad overview of best practices that TowerGroup recommends in auto collections. These are practices that lenders should be enacting now to prevent increasing delinquencies and defaults and avoid ultimately having to repossess and remarket the automobiles that are collateral for their loan portfolios. The status quo in collections processes is not acceptable. Change and action are mandatory for lenders to survive current market conditions. (Photo: Business Wire)

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This exhibit paints a broad overview of best practices that TowerGroup recommends in auto collections. These are practices that lenders should be enacting now to prevent increasing delinquencies and defaults and avoid ultimately having to repossess and remarket the automobiles that are collateral for their loan portfolios. The status quo in collections processes is not acceptable. Change and action are mandatory for lenders to survive current market conditions. (Photo: Business Wire)
This exhibit paints a broad overview of best practices that TowerGroup recommends in auto collections. These are practices that lenders should be enacting now to prevent increasing delinquencies and defaults and avoid ultimately having to repossess and remarket the automobiles that are collateral for their loan portfolios. The status quo in collections processes is not acceptable. Change and action are mandatory for lenders to survive current market conditions. (Photo: Business Wire)Graphic

This exhibit paints a broad overview of best practices that TowerGroup recommends in auto collections. These are practices that lenders should be enacting now to prevent increasing delinquencies and defaults and avoid ultimately having to repossess and remarket the automobiles that are collateral for their loan portfolios. The status quo in collections processes is not acceptable. Change and action are mandatory for lenders to survive current market conditions. (Photo: Business Wire)

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