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July 18, 2018 - Industry News

CallPass, Xirgo Roll Out LTE-M GPS Device for BHPH Dealers

The two companies have rolled out what they claim to be the first production-ready LTE-M GPS tracking device for the BHPH dealer and vehicle finance industries.

Tags: buy-here, Debt Collection, GPS Tracking, pay-here, special finance, technology

June 19, 2018 - Industry News

Spireon Rolls Out New GoldStar GPS Feature

The new feature provides instant vehicle location and status to help reduce risk and streamline recovery for buy-here, pay-here dealers and lenders.

Tags: auto finance, buy-here, GPS Tracking, pay-here, Spireon, subprime

May 18, 2017 - Industry News

700Credit, FactorTrust Partner to Help Dealers With Underbanked Car Buyers

FactorTrust provides credit data that incorporates verifiable payment histories from transactions such as short-term loans, credit and prepaid card, wireless services and collection agencies. Through 700Credit, dealers will gain access to this information to serve customers with thin credit files or who are underbanked

Tags: 700Credit, auto finance, buy-here, FactorTrust, pay-here, special finance

March 20, 2017 - Industry News

Spireon Enhances Recovery Link Feature in Goldstar GPS Solution

Spireon introduces one-step vehicle-recovery process for buy-here, pay-here dealers, who can automatically send locator links on lapsed vehicles to recovery agents via text or email.

Tags: buy-here, GPS Tracking, pay-here, Spireon

February 15, 2017 - Industry News

Bankruptcies Register First Consecutive Monthly YOY Increases Since 2010

While bankruptcies plunged last year to their lowest levels since the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2015, filings are beginning to climb, according to the American Bankruptcy Institute.

Tags: American Bankruptcy Institute, bankruptcies, buy-here, pay-here, special finance

March 2, 2016 - Industry News

Tom Hudson Joins Dealer Summit Roster

Prominent consumer finance attorney Thomas B. Hudson will be at Dealer Summit this May to discuss how regulators have changed the business model for special finance and buy-here, pay-here operations.

Tags: auto finance, buy-here, CFPB, FTC, pay-here, special finance, Subprime Financing, Tom Hudson

March 2, 2016 - Industry News

NCM Associates’ Kerr to Break Down BHPH at Dealer Summit

Organizers of Dealer Summit have announced that NCM Associates’ Dustin Kerr will present a session dedicated to buy-here, pay-here (BHPH) operations at the event, which will take place May 3-5, 2016, at the Sheraton Tampa Riverwalk Hotel.

Tags: bhph dealers, buy-here, compliance, Dealer Summit, Dustin Kerr, NCM Associates, pay-here

January 21, 2016 - Industry News

CFPB: BHPH Dealer to Pay $800,000 for Abusive Financing Practices

The Consumer Financial Protection Bureau has taken action against Herbies Auto Sales for abusive financing schemes, hiding auto finance charges and misleading consumers. The buy-here, pay-here operation was ordered to pay $700,000 in restitution and a civil penalty of $100,000.

Tags: buy-here, CFPB, Consumer Financial Protection Bureau, Deceptive Practices, fine, pay-here

April 14, 2015 - Industry News

NIADA Effort to Halt Oregon BHPH Bill Succeeds

A bill aimed at restricting the practices of buy-here, pay-here dealers in Oregon is off the legislative agenda following an effort by the NIADA to educate lawmakers about the legislation’s potential harmful effects on consumers.

Tags: bhph, bhph dealers, BHPH legislation, buy-here, National Independent Automobile Dealers Associatio, NIADA, pay-here

November 10, 2014 - Industry News

Police Catch Kidnapper Using Dealership’s GPS Device

Detectives asked a dealership to activate the GPS device installed in a kidnapping suspect’s car due to his poor credit. Police apprehended the man and found his victim alive.

Tags: buy-here, GPS devices, GPS Tracking, pay-here, subprime

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