On Tuesday, FactorTrust released the most recent research findings in its series of underbanked indices, the Underbanked Index – Auto, which is designed to provide insights into the earning and living trends of credit-challenged consumers seeking a vehicle. Such insights ... [Read More]

The Consumer Financial Protection Bureau’s new arbitration rule has gotten a lot of coverage lately and deservedly so.  If and when it goes into effect, it will ban class action waivers and bring about some other notable changes. The big ... [Read More]

Steve Burke spent more than three decades making bulk portfolio purchases during his career that includes leadership positions with Center Street Finance, SFG Finance, Regional Acceptance and FSB Financial. Burke highlighted how technology changed the auto finance business with solutions ... [Read More]

Here’s another way to generate revenue at your buy-here, pay-here operation with the units that might have some of the highest odometer readings in your inventory. First Choice Car Care recently announced its five-year, 100,000-mile vehicle service contract (VSC) plans ... [Read More]

The American Bankruptcy Institute projected how many filings there could be this year after learning the amount of cases reported through the first six months of 2017. According to data provided by Epiq Systems, ABI reported that total bankruptcy filings ... [Read More]

The industry just moved past Fourth of July, but the National Alliance of Buy-Here, Pay-Here Dealers (NABD) is already looking toward late October when the organization hosts its next BHPH Conference. The 14th annual conference — which has the theme ... [Read More]

Ignite Consulting Partners is hosting a free webinar focused on one of the most complicated services buy-here, pay-here dealers sometimes offer their customers — reporting of payment activity to one of the credit bureaus. Richard Hudson, chief optimization officer at ... [Read More]

The industry put up a valiant effort to prevent it from happening, but a new law in Nevada goes into effect on Saturday that greatly impacts how buy-here, pay-here dealerships and other auto finance companies that dive deep into the ... [Read More]

Jeff Baker came away from the auction at the recent National Independent Automobile Dealers Association Convention and Expo in Las Vegas as the owner of a beautiful truck. And what did he plan to do with it? “I haven't got ... [Read More]

It’s not news that independent and buy-here, pay-here dealers more often will complete vehicle deliveries with consumers with softer credit than their franchised store contemporaries. What is noteworthy is how Experian Automotive detailed the extra risk being facilitated through franchised ... [Read More]