(Part 1 of a 2 part series)
License Plate Recognition Technology (LPR) came into being in the repossession industry in 2009. We started using this technology ourselves in 2010. Since then we’ve learned a lot and are seeing more and more companies coming into being trying to leverage this technology. What I want to do in this two-part series is explain how this technology works in the hopes of enabling you, the collector and lender, to better understand and use this technology.
Read More!
More Stories
The Broken Bond Between Lenders and Agents – Positive Resolution
The Repos That May Never Come
A Repossession Is a Repossession
When “Partner” Is Just Another Word for Vendor
Welcome to the Repossession Casino — But Who Is Really Paying the Losing Bets?
The Cost of Doing Business: Why We Cannot Afford to Work for Free