April 21, 2022

The Cobra Effect

The Cobra Effect

The Unintended Consequence of Dumb Incentives In the Repo Industry

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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.