Paying bills has never been more convenient thanks to a British scientist creating the World Wide Web in 1989. 56% of Americans pay their bills online according to a study that tracked bill pay habits of consumers. Online payments offer the flexibility to pay anywhere, anytime. Whether stuck in a....
Is your dealership in a rural or urban location? What types of vehicles are your customers looking for? What are your best-selling units? What is your areas best-selling units? These questions can make or break a dealership in this industry. Without knowing who your customers are or what they....
Over the years, the way that dealers communicate with their customers has changed. In the past, dealers would generate a list of customers’ that they would mail letters to for prospecting, service reminders and even to wish the customer happy birthday. As technology has developed, these letters have become obsolete....
Poor credit is a major factor in Underwriting but what are the risks for the Subprime Lending Industry? Some may think that there isn’t any. While statistics may have proven that there is a direct correlation between repossessions and customers with “poor credit”, there are other factors that must be....
All dealers must follow The Equal Credit Opportunity Act (ECOA). This law protects the consumer and is a United States law, enacted 28 October 1974, that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, based on race, color, religion, national origin, sex, marital....
Are your repossession processes consuming too much of your time? Would you like to make your recovery process as seamless as possible? Are you interested in getting connected with professionals that specialize in recovery and re-marketing? Well, the Recovery Database Network will do just that. The Recovery Database Network (RDN)....
Mindlessly sending unwanted and unknown calls to voicemail with the touch of a button is anything but uncommon. An email can easily get lost in waves of spam mail that floods inboxes everywhere. However, with an average of 93% of texts getting opened within 3 minutes of being received, texting....
Starting in 2020 the new FASB Lease Accounting Standards will go into effect. These Standards overall are not expected to have any major changes for the LHPH and Financing Companies, but will have a change in how their customers, the Lessees, will report them on their books. A couple of....
BHPH (Buy Here Pay Here) and LHPH (Lease Here Pay Here) dealers need every advantage possible when they are trying to maximize their profits in the sub-prime market. Installing integrated GPS tracking devices in each of their sold vehicles is a great way for dealers to minimize their losses, as....
Your collections practices are easily one of the most important aspects of any buy here pay here or related finance company's day to day business. Not only do you need to collect payments from customers who don't necessarily have the best history paying on time, you must stay within state....
ABCoA is a Software-as-a-Service company dedicated to the subprime industry. Our cloud-native ecosystem handles every part of business operations - improving productivity, security and accuracy, while consolidating vendors and reducing costs.
Since 1983, ABCoA has helped buy here pay here used car dealerships and subprime finance companies eliminate duplication, remain compliant, and achieve success with complete, customer-driven software and dependable support. Customers properly using Deal Pack have never lost an IRS audit.
Recently awarded Top Online Accounting Software for Deal Pack, ABCoA continuously elevates the standard for software in the subprime industry and helps customers grow through our commitment to quality, innovation, and service. Headquartered in Jacksonville, Florida with employees across four states, we remain family-owned and operated.
To learn more about ABCoA, visit www.abcoa.com.
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