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Let GoldStar GPS Help in Repossessing your Collateral

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Having Trouble Repossessing Collateral? Let GoldStar GPS Help

While the increased revenue from subprime financing is nothing to scoff at, the shortcomings of dealing with low credit customers can sometimes rear their ugly head. Finding vehicles that have “gone rogue” can be difficult and costly. The longer it takes, the greater the risk. BHPH dealers need a solution that protects their assets, without breaking the bank.

A new article in the ABA Banking Journal discusses Spireon’s GoldStar GPS system designed specifically for BHPH dealers. The article’s author, Dan Fisher, calls Spireon’s offerings a “powerful combination,” and says that GoldStar GPS “can save you thousands [of dollars] in collateral recovery costs.”

He’s right.

With GoldStar GPS, companies are getting a collateral management system that combines cutting edge features, simple design, and affordability all in one package. Dealers can track and locate vehicles day and night—without delay—from any device with access to the Internet.

If a borrower is behind on his or her loan, an automatic alert can be sent reminding them that they must make a payment or risk their vehicle being disabled (another feature offered). Unlike other collateral management systems, GoldStar GPS comes in both basic and comprehensive packages depending on your individual business needs. The performance and protection it offers are truly unmatched.

Fisher agrees, as he concludes his article by stating, “Financial institutions should embrace the mobile space and vigorously look at how to internally apply the increasing availability of mobile space technology to your financial institution.”

Don’t just take his word for it. For more information, including how to request a demo for your business, click here.

David Meyer
Executive Vice President, Sales & Services Automotive Solutions
Spireon, Inc.

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  • Corinna Tutor
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  • David Meyer
    Executive Vice President, Sales & Services Automotive Solutions
    Spireon, Inc.
  • Neil Fisher
    Vice President of Field Sales, ASG
    Spireon, Inc.