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Payment Tracking Technology
- Credit Unions
- Finance Companies
- Auto Dealers
Our Payment Tracking Technology solution can help you manage the risk of first-time buyers and borrowers with a history of delinquency and reinstatement. With this solution in place, you can increase your auto loan volume and interest income and feel protected when lending to lower-credit borrowers.
This collections tool produces results by monitoring borrowers' auto loan activity and ensuring the delivery of payments. Your borrowers will benefit by being notified of upcoming payments and encouraged to make payments on time.
If a borrower remains delinquent, the technology will prevent their vehicle from starting until payment is received. With integrated GPS, this tool also protects your borrowers from potential theft.