Motor finance collections agency Red2Black has launched what it
describes as an “innovative new product” designed to maximise
clients’ recovery rates.

Loss Prevention Plus is an “off-the-shelf solution” for
Red2Black customers, said Nick Cherry, director and general
manager.

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The new product “combines as one offering the services which we
receive the greatest demand for – early and late day collections,
asset recovery and litigation,” he added.

Increases to impairment levels and roll rates and demographic
changes in arrears portfolios were causing headaches for creditors,
Cherry said.

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