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Monthly Archives: July 2019

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  2. 2019
  3. July

car loan debt

Best Practices for Collecting Auto Loan Debt: pt 2

Auto lenders received some sobering news in May 2019 regarding the repayment of auto loan debt. The euphoria created by the recent record highs in newly originated auto loans and the average price per vehicle was tempered by the announcement that delinquencies continue to increase for some borrowers. Specifically, serious delinquencies (90 days or longer)…

July 31, 2019Auto, UncategorizedBy Joe Gargiulo

optio solutions

Optio Solutions Employees Volunteer for 14 Months Straight

Petaluma, Calif. (July 15, 2019) — The volunteer effort by staff members of Optio Solutions and affiliate, CrossCheck, at the Redwood Empire Food Bank has reached 14 consecutive months. Ten employees participated in the food bank’s weekday Warehouse Support program on June 27. Food bank representative Cassidy Jourdan said the staff members helped package 4,722…

July 15, 2019Press ReleaseBy Joe Gargiulo

auto loan debt

Best Practices for Collecting Auto Loan Debt: pt 1

With a delinquency rate reaching the highest level since the Great Recession, auto loan debt has become serious business for lenders and the agencies that represent them. The factors leading to this decline include a record-high sum of newly originated auto loans ($584 billion in 2018), a record-high average price per vehicle ($37,577 in December…

July 2, 2019Auto, UncategorizedBy Joe Gargiulo
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