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2012-02-14 NABD Launches Third Payment Device Survey

Houston, Texas˗ The National Alliance of Buy Here Pay Here Dealers (NABD) today launched an online best practices survey on the use of payment devices. This survey should be completed by operators who utilize payment disablers, GPS tracking devices, or dual technology devices.

Respondents should visit the NABD website at www.bhphinfo.com and the survey is located at http://www.zoomerang.com/Survey/WEB22EURGXHSVY.

Ken Shilson, CPA and founder of NABD indicated that this is the third survey conducted on these devices. “The first focused on how the devices were utilized and the second evaluated the benefits to the consumer from using them. A white paper summarizing the results of the first study was previously released and another white paper on the second study will be released shortly”, Shilson explained.

This survey will be open to respondents from March 5 through April 15, 2012. The results of the survey will be summarized and discussed in detail at the NABD National BHPH Conference in Las Vegas, on May 16-18, 2012 at the Venetian / Palazzo. It will identify best practices and provide additional insights on the two previous studies.

Any operator who completes the survey can receive the results and corresponding white paper upon request. During the NABD Conference in Las Vegas on May 16-18, 2012, attendees will have the opportunity to review the results and ask questions to a panel of experts.

The survey is very brief and can be completed in less than 10 minutes. However, the answers will be invaluable in helping operators understand how these devices impact BHPH collections and recoveries. All respondents will be entered into a drawing to win a free registration to NABD 2012 including a luxury suite at the Palazzo for May 16th and May 17th.

NABD is the only used car special interest group exclusively for the self-finance industry. For more information, or to register for these must-attend events, visit www.bhphinfo.com or call 832-767-4759.

Kenneth B. Shilson, CPA, is President of Subprime Analytics,  www.subanalytics.com , a consulting company which provides subprime portfolio analysis services and custom credit scoring solutions (Profit Max). Subprime Analytics utilizes state-of-the-art data mining and extraction technology in order to identify loss trends and areas for underwriting improvement. Questions can be directed to him at ken@kenshilson.com. Ken Shilson is also founder of the National Association of Buy Here, Pay Here Dealers (NABD) www.bhphinfo.com and Convention Chairman of the upcoming 2012 NABD BHPH Dealer Academy May 14-16, and the 2012 NABD BHPH National Conference May 16-18, both at the Venetian/Palazzo in Las Vegas, Nevada.