Your biggest asset is your BHPH portfolio, and running a finance company is a complicated endeavor. I know it is challenging, because I have managed sub-prime auto finance companies. One thing for sure, there is no training manual for doing this successfully, so I thought I would share a comparison of the BHPH finance company …
Discussing collection strategies with our BHPH members on Agora something I really enjoy, because there are unchanging realities that affect all of us: Customers will drive 25,000 miles or more a year, because it is the primary, functioning car in the household (or neighborhood). Oil changes and maintenance never cross the customers’ minds. Loan default …
There has only been a slight increase in BHPH delinquency or recency over the past two months, and Agora has been closely monitoring these trends and scratching our heads. Our colleagues in the GPS industry gave us some insights to understand this. They shared that BHPH customers were still driving their pre-pandemic mileage. Bam! The …
My oh my, this COVID-19 virus thing is not a good thing. It’s not good. It’s bad for business. It’s also been a bad thing for our personal lives. Hopefully, you and your family have fared well through this crisis. Now, what to do? While I suspected that BHPH delinquency would go up from the …
COVID-19, the C.A.R.E.S. Act, and BHPH Dealer Liquidity Read More »
Through our newest feature AgoraInsights, Agora Data has been tracking the impact of COVID-19 by analyzing the daily data from hundreds of millions in principal balance and hundreds of thousands of individual BHPH loans since the beginning of the pandemic. One of the leading indicators to default is contractual delinquency. To clarify, by “contractual delinquency”, …
BHPH Portfolio Facts – An Early Read on the COVID-19 Impact Read More »
Non-Binding Proposals Join Agora CEO, Steve Burke, as he demos the new proposal system and explains how it allows buyers to show interest in a group of selected loans without a formal commitment to purchase. It opens the door and gives that informed “back of the envelope” price to the Originator. Proposals make it easy …
I suppose I am old because, at 56, I have been through way too many natural disasters, financial crises, and now a pandemic. What we are navigating now is different, but similar, to any unsettling time, and there are three key strategies to coming out ahead through this: Understand your assets and liquidity Don’t panic …
A Better Way to Buy Auto Loans Join CEO, Steve Burke, as he gives an exclusive demo of AgoraInsights, explains The Power Of Anonymity and how buyers can use the platform’s proprietary analytics, data filters, and reverse inquiry search engine to easily find loans matching any specifications. SHARE Share on facebook Share on twitter Share …
Learn How Our New Platform Enhances Your Dealership’s Auto Loan Portfolio Agora is known for its cutting-edge loan marketplace that disrupted and streamlined the way loans are purchased and sold in the secondary market. Now, with its release of AgoraInsights, Agora is boldly declaring that it Is no longer just a marketplace – it’s a …
The Centers for Disease Control (CDC) is actively monitoring and trying to contain transmission of COVID-19 by asking “medium risk” individuals to self-quarantine and live in temporary isolation. People are considered to be “medium risk” for COVID-19 exposure if they have traveled within the last 14 days to a country of “widespread continuous transmission,” or …