With Auto Loan Collections, the Motor is Running

debt collections

In the past five years, the percentage of auto loans with 90-day-plus delinquent balances – a situation that typically results in a repossession of the vehicle — increased by 77.7% to about $22.6 billion, according to a Finder.com analysis of the New York Federal Reserve’s most recent Household Debt and Credit Report. That’s bad news for … Read more

Automating Your Debt Collection Agency Management Can Eliminate Major Headaches

agency management

Many lenders and other organizations with substantive delinquency and recovery portfolios have chosen to outsource their debt collections efforts to third-party debt collection agencies (DCAs).  These relationships are normally managed manually, often from an Excel spreadsheet. Not surprisingly, this approach can be a nightmare in cases where the client uses dozens of debt collection agencies … Read more

Katabat Launches Machine Learning-Powered Debt Collections Software

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Katabat Launches Machine Learning-Powered Debt Collections Software WILMINGTON, DE, Oct. 25, 2018 – Global software provider Katabat has released Katabat Engage, which delivers data-driven debt collections powered by machine learning to consumer lenders. Katabat Engage helps lenders collect more dollars through a platform of personalized, digital communications tailored to customer preferences.  Powered by a proprietary … Read more