Vehicle Insights for
Subprime Auto Finance Dealers
On-Demand Location & Recovery
Locate assets quickly for fast recovery
Improve Portfolio Performance
Vehicle alerts and analytics to help identify potential defaults
Data verification tools to assist in making better credit decisions
Alerts to help monitor asset risks related to speed, location, and more!
Why Subprime Auto Finance dealers use IkonGPS
When a consumer is delinquent on a loan payment, our platform provides on-demand location information to assist you in your collection and recovery efforts. ikonGPS also provides historical location data to help predict where future locations might occur..
Data Verification Tools
The ikonGPS platform provides you with tools designed to confirm borrower address, employment, and identify information so you can put more confidence in your credit underwriting decisions. Also reduce risks associated with recovery efforts through skip tracing reports, specifically designed to give you information in locating and contacting your borrower and find your asset.
Set vehicle parameter alerts to identify early warning signs of potential borrower default. Areas such as high-risk driving behavior, vehicle abandonment, tow lots, and battery failure can easily be monitored. ikonGPS tools give you the insight on these potential issues so you can be proactive in reaching the consumer to mitigate risks.
Our platform gives you the ability to send borrower payment reminder alerts via text message or email. ikonGPS also has an optional payment reminder audible alert feature that can be deployed to remind the customer of a past due payment. Features that save on collection costs and increase portfolio profitability.