Tuesday, August 1, 2017 - 11:11am

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

Thursday, July 27, 2017 - 1:59pm

Steve Levine, Ignite Consulting Partners

The Consumer Financial Protection Bureau’s new arbitration rule has gotten a lot of coverage lately and deservedly so.  If and when it goes into effect, it will ban class action waivers and bring about some other notable changes. The big impact of this will be that just about every arbitration clause or... Read More

Monday, July 24, 2017 - 2:36pm

Nick Zulovich, Senior Editor

Steve Burke spent more than three decades making bulk portfolio purchases during his career that includes leadership positions with Center Street Finance, SFG Finance, Regional Acceptance and FSB Financial. Burke highlighted how technology changed the auto finance business with solutions such as sophisticated credit... Read More

Thursday, July 20, 2017 - 3:22pm

BHPH Report Staff

Here’s another way to generate revenue at your buy-here, pay-here operation with the units that might have some of the highest odometer readings in your inventory. First Choice Car Care recently announced its five-year, 100,000-mile vehicle service contract (VSC) plans for vehicles up to 20 model years old and... Read More

Tuesday, July 18, 2017 - 11:27am

BHPH Report Staff

The American Bankruptcy Institute projected how many filings there could be this year after learning the amount of cases reported through the first six months of 2017. According to data provided by Epiq Systems, ABI reported that total bankruptcy filings during the first six months of the year increased 0.21 percent to... Read More

Tuesday, July 11, 2017 - 11:09am

BHPH Report Staff

The industry just moved past Fourth of July, but the National Alliance of Buy-Here, Pay-Here Dealers (NABD) is already looking toward late October when the organization hosts its next BHPH Conference. The 14th annual conference — which has the theme Opportunity Knocks – Best Ways to Respond — is set to... Read More

Wednesday, July 5, 2017 - 2:31pm

BHPH Report Staff

Ignite Consulting Partners is hosting a free webinar focused on one of the most complicated services buy-here, pay-here dealers sometimes offer their customers — reporting of payment activity to one of the credit bureaus. Richard Hudson, chief optimization officer at Ignite Consulting Partners, is scheduled to... Read More

Thursday, June 29, 2017 - 10:56am

Nick Zulovich, Senior Editor

The industry put up a valiant effort to prevent it from happening, but a new law in Nevada goes into effect on Saturday that greatly impacts how buy-here, pay-here dealerships and other auto finance companies that dive deep into the subprime pool can use GPS and starter interrupt devices. Along with not being able to... Read More