On Thursday the 23rd of April, MBSi Corp released the results of their anonymous Recovery Agency Owner Survey that polled 360 agency owners on their plans and assumptions on business continuity after the current COVID-19 crisis. Included in this survey, were responses to questions like; Are you planning to stay in business, when do you anticipate that assignment volume will restart and what were your average fees before and what do you anticipate them being after.
Interesting to note, only 16% of responding agencies reported to be temporarily closed and only 1% for good. Most interesting, is the respondents claim that they expect an increase in fees from an average $329 per involuntary repossession to $388, an 18% increase.
MBSi has launched a follow up survey that can be accessed at the bottom of the presentation.
Facebook Comments