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Ala. Car Dealer Pleads Guilty to Violating Servicemembers Relief Act

An Alabama used-car dealer who failed to decrease an active-duty service member’s loan interest rate before repossessing his car pleaded guilty to violating the Servicemembers Relief Act.

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Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.

Iowa Dealer Gets Hand Slapped by Attorney General

Failure to disclose consumer protection related to loan defaults and repossessions gets used-car dealer in trouble with Iowa Attorney General’s Office.

Delinquencies, Repossessions Drop in Q2, Experian Automotive Reports

Consumers continued to make their auto loan payments on time in the second quarter, with 30- and 60-day delinquencies falling to historic lows.

Windsor Group Acquires Windsor Remarketing

Windsor Group has purchased Windsor Remarketing, a Fort Worth, Texas-based remarketing management company. Their combined menu of services includes skip tracing, repossession management and remarketing management.

Better Collections Through Technology

Repossessing a vehicle is never a good thing, but technology has certainly come a long way in helping dealers do just that. The Special Finance Coach discusses how to keep customers on time with their payments, as well as how social-networking sites like Facebook can help when they’re not.

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