"I am not in the legal business, but suggest the GIADA, they have the info you need. In the interim, let's talk about how to increae collections and frequency.
"Wish you could have been with us at the BHPH Collections Conference the past few days in Houston. Ken Shilson advised me I could quote this: "The future of the BHPH BZ lies with the use of Payment Assurance Devices".
I of course agree. I…"
As they say, "Yes Virginia there is a difference". Gayle to answer your inquiry, the simple starter interrupt was designed to give post due date reminder/s and the consequence of not paying of having the starter interrupted. They worked well for a logn time, and still do that function admirably. GPS is as we all know is designed as a 'location tool' and it does that admirably, however, the simple location system has not proven to have a positive effect on payment compliance or account…See More
"Have they been living off of reserve? Back to the old adage, no more than 30% of Income from finance, recommended less than 25%.
I just left a group of agents whose dealers are doing 1000 up to 1500 per car. Is that low today?"
"Hey, Gene, hope all is well. Is the 84.5% better or sorse thatn previously. i am getting dealers around the country telling me they have been bearing down a bit more and collections are up except for some increase in BK."
The ASFA is a group of automobile dealers, lenders, industry vendors and other proessionals who are dedicated to improving sales operations through networking and sharing ideas, best practices and lessons learned.
This group is to exchange ideas on best practices in the finance office. What products are selling the best. Which service contract companies are hot, and which are not. Share menu training ideas, processes, lenders, and much more!See More
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Wonderful and enjoyable career which evolved from field collections to both direct and indirect lending...forward into the Retail Automobile business where I filled every front end position in a franchised operation.
Evolution took me to the Sales Training business and helping build what became the largest independent ESC Co in the U.S.A. and doing F&I as well as Management Training in all of North America for Chrysler, Nissan, AMC,Mazda, and Isuzu. We become originators of the starter interrupt business in 1994 where the market led us to form The Crossobw Group, Inc.
Crossbow is the innovator of the most Advanced Collections Technologies for the Challenged Credit and BHPH markets.
Our ReCaP system automates the heavy lifting in the early collections process and ensures prompt payment using the most advanced enterprise based features and benefits...Automatically and Passively. We also provide assistance and consulting to those interested in starting their own dealer Controlled Finance operation.
I enjoy membership in and am on the board of both NAF and PATA, and am a member of AFSA.
Activities Away From Work
Wife, Children, and Grandchildren.
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