Register now for the NARS VIP AT&T Stadium Tour

IRVING, Texas – March 27, 2017 – The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance, is pleased to offer a VIP tour of the Cowboy’s AT&T Stadium during NARS 2017.  

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NCUCA Las Vegas 2017 is a Hit!

PRESS RELEASE

Los Angeles – 24 March 2017 – On March 15–17, 2017, the 3rd Annual National Credit Union Collections Alliance (NCUCA) was held at the Bellagio in Las Vegas and was attended by over 230 attendees from 130 credit unions and 26 states.  Of these attendees, 95% are in collections management. This upstart event has grown exponentially year over year and is now the premier collections event for the credit union collections industry.

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TX Repo Man Injured by Borrower

Wichita Fall, TX – 22 March 2017 – A Wichita Falls Repo Man attempting to repossess a pick-up, received injuries after the borrower allegedly tried to tear his truck free from the wheel lift.

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Know Your Equipment Inside & Out

Guest Editorial

21 March 2017 – Detroit Wrecker Sales prides itself on interactions with those in the towing & recovery industry. Whether you have purchased one of their products or not, Detroit Wrecker strives every day to not only build the highest quality product on the market, but provide the men & women of this industry with knowledge about any towing equipment and resources available to them to make their jobs easier. Lee Dunn & Mike Farrell of Detroit Wrecker Sales represent a new generation of towing equipment manufacturers and their business model is to promote knowledge and understanding about the products being used in the field of the towing industry. As the owners of Detroit Wrecker Sales, they are leaving a lasting impression by interacting with towers and repossession agents nationwide by directly helping them solve their problems with their equipment. Their cell phone numbers are public knowledge, Mike’s being 248-249-8100 and Lee’s 248-342-1701 and they will help anyone anytime resolve an issue they are facing a with any brand of towing equipment. Their message in this article is simple: know your equipment inside & out. These guys are giving us a manufacturer’s perspective on how equipment should be maintained & what each individual operating it should be aware of.

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North American Repossessors Summit Announces 5th Annual Golf Tournament

IRVING, Texas – March 16, 2017 – The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance, is pleased to announce its partnership with MVTRAC to host the fifth annual NARS Golf Tournament at the beautiful Dallas Cowboys Golf Club.

The 2017 event will take place on Wednesday, July 26 with an 8 a.m. shotgun start. For $200, NARS attendees will have the opportunity to play at the world’s only NFL themed golf club. This price includes: golf balls, a GPS, a golf cart, buffet style breakfast and lunch, plus any non-alcoholic beverages.

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Last Days for Discounted Registration Fees – Early Bird Ends 3/15/17!

Education, Training, Networking and Trade Event of the Year, hosted by:
Allied Finance Adjusters Conference Inc. & Recovery Specialist Insurance Group

Early bird registration for the 2017 Education, Training, Networking and Trade Event for repossession and financial institution professionals, hosted by Recovery Specialist Insurance Group and Allied Finance Adjusters Conference Inc ends March 15, 2017.  Save $30 per attendee by registering before the fees go up!

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Subprime Auto Loan Losses Reach Highest Level since the Financial Crisis

Subprime net loss rate in auto bonds rose to 9.1% in January

U.S. subprime auto lenders are losing money on car loans at the highest rate since the aftermath of the 2008 financial crisis as more borrowers fall behind on payments, according to S&P Global Ratings.

Losses for the loans, annualized, were 9.1 percent in January from 8.5 percent in December and 7.9 percent in the first month of last year, S&P data released on Thursday show, based on car loans bundled into bonds. The rate is the worst since January 2010 and is largely driven by worsening recoveries after borrowers default, S&P said.

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Repossession Amateur Hour in a California Trailer Park

This is why lenders need to use qualified agents!

Calaveras County, CA – March 9, 2017 – Sheriff’s Deputies responding to a report of a fight at the Sequoia Rose Mobile Home Park in Valley Springs Feb. 27 wound up arresting three adults and a juvenile on assault charges. In an official release on the incident released this week, the CCSO said deputies responding to the call for help at around 4:30 p.m. determined that Jacob King and Robert Saling allegedly went to the Valley Springs Mobile Home Park to repossess a vehicle that they had sold to Jaycob Babcock-Coburn and his girlfriend. King and Saling were reportedly armed with a baseball bat and a metal pipe at the time. King allegedly entered Coburn’s trailer and threatened his girlfriend, whose name was not released and who was caring for two small children, by raising the bat.

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Developing World-Class Debt Collectors Collection Education Scholarships Available

FOR IMMEDIATE RELEASE

Wyoming, MN – March 7, 2017 – Keeping debt collectors up-to-date with fundamental resources and regulatory changes is one secret of a successful collection department.  With changes to the industry coming from every direction, it can be a challenge to keep staff informed.  Now in its seventh year, the CU Recovery Collection Academy educational conference represents a debt recovery strategy geared specifically toward reducing credit union delinquency.  CU Recovery shares its 25+ years of experience by presenting collection best practices, offering peer-to-peer networking opportunities, and speakers covering topics important to day-to-day operations.  The 2.5 day Academy curriculum is formulated from attendee feedback on topics that are essential to the health and success of credit union collection departments.

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Allied Finance Adjusters Secures New Insurance Options for its Members

“The Largest Not-For-Profit National Trade Association Of Repossession Specialists Since 1936”

Allied Finance Adjusters has the Solution!

PRESS RELEASE

Many of you may already be aware of the notice of intent to cancel every trade association’s current $1,000,000 and $5,000,000 insurance policies by the carrier, Travelers Insurance Company.  This stems from a six month long investigation by the Texas Department of Insurance (TDI) regarding the crime policies the associations in the industry have been providing to its members.  

It has taken hard work and diligence to acquire our new insurance broker Brunswick Companies, we have been able to secure new policy options for our members. This program was put together specifically for Allied Finance Adjusters and is underwritten by oldest insurance company in the United States, The Hanover Insurance Group.

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