Optimizing Debt Recovery: A Strategic Imperative for Lenders
As consumer debt soars to $17.8 trillion in Q2 20241 and auto loan debt reaches $1.62 trillion2, lenders face mounting challenges in managing delinquencies and maintaining financial performance. With auto loan delinquencies at 4.4%3 —the highest since 2021—lenders are under increased pressure to recover…
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