ACA International, the Association of Credit and Collection Professionals, recapped a recent decision by the Ninth Circuit Court of Appeals that determined a consumer had standing to assert claims based on collection letters he did not receive. Officials explained the court arrived at its decision because the alleged violation of the plaintiff’s statutory right not […] [Read More]

More applicants who already have a large amount of debt are taking a toll on approval levels at Swapalease.com. Site officials reported on Wednesday that lease credit approvals during the month of May came in at 60.6 percent — the lowest monthly level of the year and down from January when the approvals rate stood […] [Read More]

One of my favorite verses from the Bible comes from Proverbs, “As iron sharpens iron, so one person sharpens another.” This is one of my favorite scriptures as it reminds me to keep my inner circle full of positive, forward-thinking people. Those are the ones who challenge me mentally, physically and spiritually. But as life […] [Read More]

Swapalease.com indicated that individuals typically are looking to escape their leases simply because they can no longer afford to make the payments, they’re bored or are ready for a different vehicle, or they’ve had a major lifestyle change such as a new baby on the way. But site officials spotted six new reasons gaining traction. […] [Read More]

Three major markets and a full line of wholesale financial services for auto dealers are the news from SunTrust Banks this week. On Tuesday, SunTrust Banks announced the expansion of its wholesale automobile dealer financial services to Dallas, Chicago and Boston, offering a full line of wholesale and indirect banking products to dealers in these […] [Read More]

For the first time, American Recovery Association is hosting an upcoming series of nationwide leadership workshops for repossession agency managers and owners. The events are being presented by Doug Duncan, president of TalentValue. The first session is set for Friday at the Hilton BWI Airport in Baltimore. The points Duncan intends to cover include: —The […] [Read More]

Are you a cars’ geek? Do you know all about cars, latest automotive technologies, and rare automobiles? Then your place is on autoremarketing.com – the website where the newest information about vehicles is published on a regular basis. The site has become popular in a brief time. And how could it not, since it manages […] [Read More]

Though incentive levels remained essentially flat in May, spending still came in at the second highest rate seen this year. That’s according to Cars.com data, as the site reported on Wednesday that overall incentive spending in May came in at approximately $2,680 per vehicle. NADA Used Car Guide also reported on incentive spending this week, […] [Read More]

At the same time chief executive officer Mary Barra faced General Motors shareholders during the company’s first annual meeting with her in control, Swapalease.com noticed in its latest report on vehicle incentives from May that one particular trend jumped out at site executives. Despite all the attention associated with the automaker’s recalls, Swapalease reported that […] [Read More]

A combination of factors prompted research firm IBISWorld to report that revenue for repossession agencies is projected to increase during the next five years. IBISWorld analyst Maksim Soshkin explained what is sparking that forecasted revenue rise through 2019 includes increasing per capital disposable income levels and declining unemployment predicted to create more consumer spending. As […] [Read More]