WYOMING, Minn.– CU Recovery, Inc. reported it has been experiencing double digit growth since the beginning of the year. The Loan Service Center has doubled in size in the last 12 months and continues to grow at a record pace, the company said.
“Auto loans and credit card issuance have been on the rise," said Wendy Eilieff, Vice President of Sales & Service for both companies. "Although the economy is stronger than 2008, Americans are getting comfortable spending and may not be able to manage their money.”
To meet the rising delinquency its clients are experiencing, CU Recover & The Loan Service Center said they have has brought on more employees in specific service areas over the past 7 months than it has in the past several years. The secured accounts area has been significantly realigned with staff increasing by more than double, the company said.