Collection Agency for Auto Loan Deficiency
Auto Industry Debt Collection With a Focus on Respect
Auto deficiency collections can be complicated, often involving co-signers and a rapidly depreciating, high-risk asset that is often no longer worth the outstanding loan value. Because debtors can be hard to find and chronically short of cash, effective auto loan deficiency collections are a job best left to the industry’s top experts.
Many consumers are surprised at how easy it can be to obtain a car loan, and often a borrower can barely afford the payments given a best-case financial scenario. A sudden layoff from work or even a few money management errors can quickly put the new car or truck owner into arrears or default on the financed vehicle.
At MetCredit, our depth of consumer debt collection expertise encompasses the full realm of auto deficiency collections, enabling our highly trained Canada-wide debt collection team to act quickly on the lender’s behalf, whether on individual deficiencies or large-scale portfolios. And because MetCredit is licensed and bonded as a commercial and consumer debt collection agency in all Canadian provinces and territories, we’re empowered to collect auto loan debt anywhere in the country.
Debt collection is a delicate art.
At MetCredit Respect is foremost in everything we do. This longstanding core value of ours is particularly important to auto lenders, because a customer who cannot pay today will almost certainly be a vehicle customer again when circumstances improve. Public Relations and brand reputation management are critical components to our debt and deficiency collection philosophy.
Applied Artificial Intelligence for Faster Debt Collection
MetCredit leverages proprietary AI algorithms and predictive intelligence to know when a debtor is most likely and most able to make a payment. It’s one of the reasons no other collection agency collects faster or more effectively.
“The road of agricultural collections is furrowed with more tales of misfortune and heartache than a country song, and getting paid in this industry can be grueling. MetCredit gets it done quickly, and has helped keep us afloat through the toughest of times. You’re our most valuable resource.”
Get the Top-Performing Credit Bureau Reporting Collection Agency.
MetCredit’s nationwide leadership in the Debt Recovery and Commercial Collection Agency industries is rooted in a half-century of professional, reliable service with the highest ethical standards of conduct. We proudly sustain the debt recovery industry’s highest success rates, and numerous clients have trusted MetCredit for decades. We report delinquent and paid accounts to Transunion, Equifax and Dun & Bradstreet — as well as regional and specialized credit bureaus across Canada.
No collection agency works harder or collects faster.Learn More
A legacy of homegrown excellence.
Founded in 1973, MetCredit’s leadership in the debt recovery and commercial collection agency industries is deeply rooted in an unwavering dedication to providing professional, reliable service and the highest ethical standards of conduct. Our practices and training are built around the importance of respect to our colleagues, our clients, their customers—and our clients’ brands. It’s central to our Code of Ethics and a critical focus that distinguishes us from all other collection agencies.
Business owners know they’ll encounter hard to collect accounts receivable during their company journey. It’s ok to lean into MetCredit’s expertise. Be proactive and talk to us now, so you know exactly how to handle that scenario.