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News

Pelican Shores Up Recoveries, Collections

Emma Sandler

Pelican Auto Finance LLC is bolstering its collection and recovery strategies this year by partnering with Digital Recognition Network and Payix, Chris Mitcham, the lender’s senior vice president of servicing and analytics, told Auto Finance News.

The subprime lender has been able to save around $3,000 per month on impound and storage fees as well as find three to five more cars per month after it began using DRNsights from Digital Recognition Network, Mitcham said.

Emma Sandler