Marion County, IN – Brian Fenner had big plans for his Indianapolis towing company, Sperro Towing and Recovery. His goal was to build a national network of bankruptcy attorneys who would let him know if a struggling client had a vehicle they couldn’t afford to keep. Fenner would pay the bankruptcy fees in exchange for the client’s surrendering the vehicle and allowing Fenner to tow it to his impound lot near the White River about 10 minutes south of downtown, where he would eventually sell many of the cars and trucks in auctions.
Next Thursday, May 12, 2016
10:00 a.m. PST, 11:00 MST, 12:00 CST, 1:00 EST (Estimated 120 minutes)
Creditors love them. Debtors’ attorneys hate them. Debtors often don’t understand them. Courts vary on whether they will approve them. Congress was wary of them and established very specific rules for documenting them. Failing to comply with those rules can have serious consequences immediately or years later.
The following was a letter sent to Recovery Database Network (RDN) by the Council of Repossession Professionals (CORP):
…it has been a concern of ours that information entered by the repossession agencies could be used for marketing purposes by your affiliate corporation, PAR North America. Our industry enters proprietary information into RDN every day; the names and contact information of creditors, our fee amounts, and other data. It would not be difficult to assess the size and scope of various creditors, and have PAR North America target our clients based on this information.
Irving, Texas, April 27, 2016 – American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce that ARA members who participate in the exclusive ARA insurance program have an average loss ratio 20% below the industry average. This program-wide loss ratio allows a dividend back on insurance premiums for all program participants.
In our computer tech business environment, it is not uncommon to see a field agent pull their recovery vehicle into a business parking lot and use the “FREE WI-FI” to perform actions on their laptop, notebook or smart phone. The use of the “FREE WI-FI” network is perceived to speed up the process and save money in communication costs.
But when field agents use this type of “FREE WI-FI” every agency owner should ask themselves, “Is this a safe and compliant action or does the use of “FREE WI-FI” networks place protected consumer data and agency information at risk?”
From the Desk of Recovery Specialist Insurance Group
Manassas, VA – April 22, 2016 -Recovery Specialist Insurance Group has always been known as the cream of the crop when it comes to insuring repossessors. But some lately begin to talk that perhaps we’re not as selective as we once were. We disagree. We still deny membership to a majority of people who reach out to us because they cannot meet our underwriting requirements. Each member of RSIG goes through a stringent underwriting process and through this process we see the good, the bad and the ugly.
RSIG is an insurance entity. Our strength comes from our underwriting expertise and our ability to find and maintain insurance for an industry plagued with politics, egos and at times unscrupulous behaviors on both sides of the desk… the insurance client (you, the repossessor) and on the other side the insurance agent.
By hosting a record-breaking crowd, NARS 2016 proved to be bigger and better than ever before
FOR IMMEDIATE RELEASE
DALLAS, Texas – April 22, 2016 – The North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association, Inc. (ARA) and presented by Harding Brooks Insurance, is proud to announce the success of NARS 2016. The summit ushered in a new era for the recovery and remarketing industry. From a record-breaking attendance of nearly 600 attendees, including recovery and remarketing professionals and lenders, to a wildly successful auction contributing $9,600 to the Recovery Agents Benefit Fund, NARS has proven again to be the “must attend” event of the year.
The Recovery Agents Benefit Fund attended NARS (the North American Repossessors Summit) in Dallas held last week. Proceeds from the auction hosted on Friday night resulted in just over $8600.00 being donated to the fund from just 17 items. Another $990 in cash donations and raffle ticket sales for the Dynamic Slide In unit brings the total collected from the event to $9605.00.