8 Facts About Nonprime That You Need to Know

The fact that nonprime loan portfolios increased last year, delinquency rates grew at a faster clip are not the only facts you need to know about nonprime lending. To better understand the market, we offer these eight market facts to shed additional light on what’s happening in this ever-changing corner of the auto finance business: […]
  • Cody Lyon
  • September 8, 2014
  • 0

Tools for Helping Consumers with Their Credit Scores

A borrower’s deal often boils down to her credit score. This matters because lender marketing often hinges on that score, too. There’s an opportunity for auto lenders to be a more valuable resource to consumers who are seeking to better understand their credit scores and borrowing potential, even though few lenders think about credit score services […]
  • JJ Hornblass
  • July 30, 2014
  • 0

How to Get the Right People on Your Team

In a world dominated by smartphones and tablets, by mobile sites and apps, by Twitter and Facebook and Linkedin and loads of other social media sites, it can be easy to forget the most crucial part of most businesses: the people who actually do the job. This dynamic holds true in the auto finance sector, […]
  • Marcie Belles
  • November 4, 2013
  • 1

Six Strategies for a Solid Vendor-Management Program

The Consumer Financial Protection Bureau’s first auto finance-related enforcement action zeroed in on vendor-management procedures. The takeaway for lenders: Beef up oversight of service-provider partners or risk becoming the focus of CFPB’s next enforcement action. Michelle Shaffer, chief executive of CARMA LLC, a compliance consultancy for the debt-collection industry, offered these six strategies for developing […]
  • Marcie Belles
  • October 29, 2013
  • 1

From Startup to Success: Building an Auto Finance Company

During this webinar, Navin Bathija, CEO of NEO, uncovers the best practices for developing an auto finance company. Topics discussed in this webinar include: challenges of securing funding, the intricacies of the auto finance industry from the startup perspective, and the necessary evolution of business plans.
  • admin
  • September 17, 2013
  • 0

19 Tips for Crafting a Social Media Strategy

When it comes to cooking up a social media strategy, the recipe varies from lender to lender. Sure, some ingredients remain consistent ― like management buy-in, brand awareness, and compliance concerns ― but their measurements vary. Though banks are still fine-tuning their formulas, here’s a look at some social media best practices, as outlined by […]
  • Marcie Belles
  • May 28, 2013
  • 0

Planning for a Social Media Disaster

With today’s technology, a lender’s reputation can be destroyed at the snap of a finger ― or the stroke of a few keys. Social media risk ― the threat that employees, customers, or vendors can undermine a company’s brand and public image ― should be a top concern for lenders, said Jim Satterfield, president and […]
  • Marcie Belles
  • May 28, 2013
  • 0
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