April 21, 2022

The Cobra Effect

The Cobra Effect

The Unintended Consequence of Dumb Incentives In the Repo Industry

Some clients employ incentives are producing poor results that are far worse than they ever imagined. Forcing a repossession vendor to work assignments on a contingent basis have tanked repossession recovery ratios. Clients are losing countless $20k vehicles by lowballing the very people that could recover them.