As tax season wraps up, consumers are ready to make big purchases, particularly that dream vehicle. For lenders and credit unions, this is an ideal growth opportunity, but it also brings a higher risk of loan defaults and asset misplacement. At Secure Collateral Management (SCM), we help you act swiftly and securely to recover assets during this crucial buying season.
Why Early Action is Crucial in the Buying Season
As consumers use tax returns for large purchases, missed payments often follow. As a lender, it’s vital to secure assets early to reduce the risk of loss. Amy Leavitt, Asset Recovery Manager at Farm Bureau Bank, says, “SCM excels at connecting with our members, providing professional and empathetic service, which strengthens relationships and helps us keep clients in their vehicles.”
By securing assets as soon as payments are missed, you maximize your chances of recovery and minimize potential losses.
How SCM Can Help From Day One of Missed Payments
SCM offers comprehensive skip tracing and asset recovery services that enable you to take immediate action. Here’s how we help:
- Early Detection and Action
When a payment is missed, SCM begins asset tracking right away. Our nationwide network and advanced tools like License Plate Recognition (LPR) allow us to quickly locate and recover assets. - Customizable Recovery Plans
Every recovery is unique. SCM tailors strategies to your specific needs, ensuring a higher success rate by starting recovery from the first missed payment. - Data-Driven Insights
We use over 50 databases and cutting-edge technology to gather insights, ensuring efficient and informed decisions about asset recovery. - End-to-End Support
From start to finish, SCM provides full support throughout the recovery process, ensuring a smooth, compliant, and seamless experience.
Partner with SCM to Navigate the Buying Season
This buying season, don’t let missed payments and asset misplacement jeopardize your recovery efforts. Trust SCM to act quickly and efficiently, helping you minimize risk and recover assets faster. Our tailored approach and expertise ensure a streamlined process and improved recovery rates.
Contact us today to learn how SCM can support your asset recovery needs this season. Let us help you protect your investments and maximize your recovery.
