A businesstruism like “you get what you pay for” is never more true than in the autorepossession business. Take“contingent” repo assignments.
Virtually every repossession industry leader has spoken outagainst the practice. Court-appointed professionals have testified that this processis inherently dangerous. In addition, it marries your organization with an unprofessionalsupply chain of people who “can’t do the math”.
Falcon International’s recovery statistics bear this out. Weneither accept contingent assignments nor ask our agents to work contingent. And our certifiable recovery statistics are 10%higher than the average “direct” agent, and over 20% higher than “forwarders”who assign on a contingent basis.
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| Falcon’s Recovery Stats are 10% Higher than Industry Average |
Can any client read affordto lose 10%-20% of their auto-recovery portfolio? Using a practice that’s proven to be dangerous to the consumer?
Wedon’t work contingent. Most good agencies don’t. And we will recover tens (or hundreds) of thousands more of a client’s collateral than accounts assigned through a contingent forwarder.
And that’s notpeanuts.