April 21, 2022
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.
