Actions to define the right risks and rewards

Greg Shelton and Maria Singson, Contributors

Our series continues now that we’ve identified “eight risk questions that might keep you up at night,” as well as how can we better identify risk as a buy-here, pay-here dealership. An important aspect of lending is not only which accounts to watch but how to monitor them and develop a well-defined... Read More

BHPH Report Staff

As reports continue to arrive stemming from the damage caused by Hurricane Harvey in Texas and elsewhere along the Gulf Coast, Ignite Consulting Partners gave buy-here, pay-here dealers and other auto finance providers three reminders associated with credit reporting for consumers residing in locations declared as disaster... Read More

2 ways tighter credit helped Car-Mart

Nick Zulovich, Senior Editor

Along with elaborating a bit about his upcoming retirement, America’s Car-Mart chief executive officer William “Hank” Henderson described how underwriting tightening in other areas of the auto-finance market is benefitting the chain of buy-here, pay-here dealerships. The market change is improving not... Read More

BHPH Report Staff

While sharing results from the first quarter of its 2018 fiscal year, America’s Car-Mart announced a major change in leadership will be coming at the end of the calendar year. Car-Mart said in a news release posted late on Thursday that current chief executive officer William “Hank” Henderson would be... Read More

Greg Shelton and Maria Singson, Contributors

In the current issue of BHPH Report, we discussed what we classified as the “eight risk questions that might keep you up at night.” We spelled out each of those questions here. Well, now let’s try to provide you some answers to those difficult questions so you can rest better. Let’s begin with... Read More

Costs trigger 8% drop in July bankruptcy filings

BHPH Report Staff

It appears some consumers not only are struggling to maintain monthly payments, but they are also lacking the resources to file for bankruptcy. The American Bankruptcy Institute indicated total U.S. bankruptcy filings decreased 8 percent in July as compared to June. According to data provided by Epiq Systems, filings... Read More

Kentucky AG outlines $1.1M dealer lawsuit

BHPH Report Staff

Potential problems with vehicle documentation and state tax collection could cost a Kentucky dealership more than $1.1 million in restitution. Kentucky attorney general Andy Beshear filed a lawsuit on Wednesday in Fayette Circuit Court against The United Group, which operates as Auto Plaza USA, a large independent... Read More

5 findings from FactorTrust’s latest auto index

BHPH Report Staff

On Tuesday, FactorTrust released the most recent research findings in its series of underbanked indices, the Underbanked Index – Auto, which is designed to provide insights into the earning and living trends of credit-challenged consumers seeking a vehicle. Such insights can help auto financing companies to... Read More

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