KredosAi on Auto Financing
“Auto lenders face high loan default and delinquency rates which can severely impact profitability and increase risk exposure. The average delinquency rate is 5% for auto loans that are 30 days or more past-due. Unemployment rates, inflation, and overall economic health impact borrowers’ ability to make timely payments.

“When an auto lender has to repossess a vehicle because the loan hasn’t been serviced, not only does the lender lose money on the loan, but they also have to pay on average $6000 or more to repossess the vehicle. Legal costs, storage fees, and repair and reconditioning of the vehicle add up and can harm profitability,” said KredosAi.
About KredosAi

KredosAi says it is an intelligent engagement platform purpose-built for enterprise payment outcomes. Using behavioral science and AI, the platform helps telecom operators, auto lenders, and financial institutions optimize customer engagement at scale—reducing churn, recovering more revenue, and delivering 20x+ ROI. Founded in 2021 and headquartered in the Greater Seattle area, KredosAi has processed more than 200 million customer interactions and grown revenue more than 6x over two years. The company serves Fortune 50 enterprises across North America and is SOC 2 Type II certified with multilingual support.