“around repossession timing, which is essentially just giving our customers a little bit more time to pay.”- Jenn LaClair — Chief Financial Officer
Has anyone seen a reduction in assignment volume or recovery ratios for Ally Financial repossession assignments? If so, there might be a good reason, that unless you could be a fly on the wall in one of their executive strategic meetings, you would probably never know. But a reason was just disclosed in an investor meeting that confirmed their changes in repossession assignment strategies.
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A fly on the wall – Ally discusses new repossession strategy – The Motley Fool – Repossession
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