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Expanded Payment Options Improve Auto Loan Performance

woman making a payment with a credit card on cell phone

Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”

And you’re right. But the statistic leads to more critical questions. How are you managing that debt? How is your loan portfolio performing? SAMPLE