The Cost of Delayed Repossession for Lenders

Every week an account sits unassigned, the collateral loses value and the borrower gets harder to find. Delay is the single largest controllable factor in net recovery loss. ## Where the Money Actually Leaks Out Depreciation continues while the unit is still in the borrower's hands, and so does wear, mileage, and the chance of damage or a total loss. Meanwhile the address on file goes stale, phone numbers change, and the account becomes a skip file that costs far more to work than a fresh assignment would have. Delay also compounds indirect costs: extended interest accrual on an unrecoverable balance, staff time spent on repeat collection attempts, storage and auction scheduling pushed into a weaker sale window, and a larger deficiency that is harder to collect. Faster assignment produces better condition, better sale proceeds, and a smaller charge-off. These are the line items recovery managers can influence directly through assignment timing and vendor performance. ## Four Costs That Grow With Every Week of Delay Value lost before the unit is ever secured Neglect, accidents, and stripped components Stale accounts require deeper skip tracing ## How PRG Compresses the Recovery Cycle Interest, staff time, and delayed disposition Assignments are acknowledged and traced the day they arrive so no time is lost in the queue. Verified addresses are worked quickly at varied hours to catch the unit where it actually sits. Condition reports and documentation are delivered within 24-48 hours so the unit can move to sale without waiting. **Key Points:** - Lower deficiency balances - Shorter days-to-recovery - Better collateral condition at sale - Fewer accounts turning into skip files **Topics Covered:** - Depreciation - Damage Risk - Locate Cost - Carrying Cost - Same-Day Intake - Fast Field Attempts - Quick Disposition Handoff ## About PRG Asset Recovery & Holdings LLC **Company:** PRG Asset Recovery & Holdings LLC **Phone:** (210) 745-0964 **Email:** repos@theprg.org **Service Area:** San Antonio, Austin, and throughout Texas **Licensing:** Texas licensed, bonded, and insured recovery agency **Website:** https://prgassetrecovery.com/cost-of-delayed-repossession-for-lenders