Skip to main content

Automotive Finance - After-sale Collections

Identify, manage and account for delinquencies

After-sale Collections

Inevitably, lenders and lessors must deal with unpaid accounts, collections and vehicle repossession. Our automotive financing solution helps manage the after-sale collections process. The solution identifies late payments on individual contracts and unpaid accounts beyond your pre-determined grace period. Print or email communication is triggered automatically from the solution to the borrower, providing a reminder to submit payment.

If the contract or account remains delinquent, the workflow initiates escalation steps that are taken with more formal communication. The accounting impact of the unpaid contract or account is reflected in your ledger, helping you maintain accurate profit and loss estimates. If escalation fails to bring the account current, third-party repossession services or legal proceedings are triggered and tracked from our solution. History tracking provides a record of the attempts made to receive payment, ensuring you have made a prudent effort with the customer. The solution will terminate the contract, report the loss for accounting purposes, and ultimately bring the vehicle back into inventory to be resold or re-leased.

The collections workflows are automated with your policies and preferences determining the triggers, timing, messaging and escalation actions.

A solution for wherever you are in the journey

 

Let's connect

* Required fields

Answers to questions preceded by an asterisk are mandatory.

Linedata Services SA collects your data to process your requests as part of its customers’ and prospects’ relationship management.
You have the right to access, rectify, delete, request for portability, block and limit your data and all other rights provided by law. These rights may be exercised by contacting dataprotectionofficer@se.linedata.com and enclosing a copy of your identity card to your request.

To learn more about the protection of your personal data, we invite you to read our Privacy Policy

 

Discover Loansquare.com

100% digital online loan marketplace dedicated to business

Visit the website