September 15, 2014 – A video produced from a smart phone recently emerged on the internet showing an unnamed Repo Man in an unnamed location, being confronted and later assaulted by four men (at minute 8) in front of a family home while family and neighbors watched on. The man filming the incident is also show repeatedly being accosted and chased from the scene while he is calling police who never arrive during the incident.
Phoenix, AZ – September 5, 2014 – Time was, repossession agents would sell themselves to potential clients based on the size of the area they worked, how many trucks they had, or what new gadgets they had to help find cars. While those benchmarks are still important, today’s successful operators are now separating themselves from their competitors by showing how hard they are working at pro-actively striving to become more compliant.
Wyoming, MN – September 2, 2014 – According to findings from a newly released survey by Ernst & Young and ACA International, the health of national and state economies in the U.S. continues to be impacted by the recovery of rightfully owed consumer debt. With recovery results trending above national and local levels, CU Recovery & The Loan Service Center are the leading recovery resource for all phases of Credit Union debt collection. They are also committed to training credit union collection departments in creating a solid framework for success.
Schaumburg, Ill., Aug. 20, 2014 — Experian Automotive today announced that outstanding automotive loan balances reached an all-time high in the second quarter of 2014.
Other findings include:
• The overall automotive repossession rate saw a significant increase in the second quarter of 2014, jumping more than 70 percent to 0.62 percent from a year earlier.