April 11, 2005


Comments

 
 
 
  • An auto loan recapture program can be a little tricky to run if you also have an indirect program. However, vendors are developing ways to identify potential auto buyers before they finance their vehicle and offer them pre-approved financing options. Experian offers a new target-marketing tool that can help pick out which members of a credit union are looking to purchase a vehicle before they finance their vehicle and "drive" them to a dealer.
    Anonymous
     
     
     
  • credit unions beware!!! recapturing loans and cancelling "the dealerships expensive products" can be potentially damaging. Car dealerships pay close attention to chargebacks and they track where they come from. If your credit union has an indirect program, respect and appreciate the business dealerships are sending you. Usually it's thier customer first-then they become a member. Let's realize car dealerships are your customer and thier employees may even be one of your members. Heaven forbid!!
    Anonymous
     
     
     
  • The list of the members that had financed vehicles at other institutions is gathered from credit bureaus, such as Experian. - Joe James, Callahan & Associates
    Anonymous
     
     
     
  • We would like to know how they were able to get a list of the members that had financed vehicles at other institutions.
    Anonymous
     
     
     
 
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