Repo Chase Leads to Carjacking and Crashed Mercedes

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Vista, CA – 2 December 2016 – Two alleged carjackers were arrested following a wild chase involving a repo truck in Vista Wednesday morning.

Authorities say a couple following a repo truck with a vehicle in tow pulled a shotgun out and fired at least one shot around 4:30 a.m. on Gopher Canyon Road.

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Repo Man Pleads Guilty to Manslaughter

KDrw_UTSalt Lake City, UT – 28 November 2016 – A repo man charged with manslaughter in the death of a Pleasant Grove woman pleaded guilty to his crime Monday morning.

Kenneth Drew pleaded guilty before Judge Thomas Low in American Fork’s Fourth District Court to one second-degree felony of manslaughter in the death of Ashleigh Best.

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And the Winner of the 2016 RABF Dynamic Slide In Unit Raffle Is…?

rabf_winner2016Congratulations to Mr. Michael Hayes of Hayes Auto Recovery in Chesapeake, Virginia. He was the lucky winner of the Dynamic Slide In Unit donated by Anthony Gentile and Dynamic Towing Equipment and Manufacturing.  This year’s drawing was held at the Baltimore Tow Show, presented by American Towman Expo and we would like to thank both Dynamic and American Towman for their support!

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Repo Man Repo’s Elderly Couples Car, then Pays it off

il_repo_fordRed Bud, IL – 21 November 2016 – When the repo man showed up, “Baby” lost her ride.

The little Pomeranian dog loved to curl up on 82-year-old Stanford Kipping’s lap when he and his wife Patty, 70, went for a drive. But in recent months a sharp increase in the cost of prescription medicine and other bills were more than a match for the couple’s fixed incomes. With several $95 a month car payments left unpaid on their 1998 Buick, the repo man, Jim Ford of Belleville, stopped his tow truck in front of their house.

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Helping Credit Union Collection Departments Succeed with Educational Sessions & Open Floor Discussions

cu_rcvry_montageFOR IMMEDIATE RELEASE

Wyoming, MN – November 16, 2016 – CU Recovery’s 2016 Collection Academy was another successful exchange of ideas on how credit unions can increase effectiveness in their collection departments.  The sold-out crowd included participants from credit unions from around the country. Many sent several people to take advantage of the rich content found in 4 separate sessions and in open floor discussions with their peers.  Wendy Elieff, Vice President of Sales & Service, facilitated the 2 ½ day conference.  According to Elieff, the purpose of the conference was to “to share the wealth of knowledge that each credit union brings and with timely topics presented by experts in their respective fields.”  “Valuable time was spent exchanging ideas with peers and meeting the experts who conducted the sessions.” Wendy continued.

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An Open Letter to Santander Consumer USA, Chrysler Capital and MBSi Corp.:

rc2FOR IMMEDIATE RELEASE

November 16, 2016 – Recovery/Repossession businesses across the country recently received a letter from MBSi Corp.—telling these small business owners that they are REQUIRED to purchase and download MBSi’s newest evolution software and operating system, Recovery Connect. Failing to do this, the letter said, would discontinue the ability of the repossession company to do business with Santander Consumer USA, Inc. and Chrysler Capital.  No, MBSi didn’t try to sell the use of Recovery Connect system… they DEMANDED that the system be purchased and used.

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National Credit Union Collections Alliance (NCUCA) 2017 Conference

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FOR IMMEDIATE RELEASE

DALLAS, Texas – November 14, 2016 – Registration has started for the 3rd annual National Credit Union Collections Alliance (NCUCA) for 2017. We are excited to see the lineup that we will have available and the topics that will be discussed. We will be kicking off our conference with Dan Berger NAFCU as a keynote speaker and finish the next day with Eric North discussing collection laws and bankruptcy.

The conference will be held at the Bellagio Resort in Las Vegas, Nevada, March 15 – 17, 2017. Last year we had attendees from all across the country, and this year we expect to have a larger participation. The conference focuses on national concerns and policy changes regarding the collection department for credit unions. It is a great time to network with credit unions across the country and to visit with some of the vendors that can assist credit unions.

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Registration Now Open for the Ninth Annual North American Repossessors Summit™ Sponsorship and Exhibitor Opportunities Available

NARS_NO_YR

FOR IMMEDIATE RELEASE

IRVING, Texas – November 11, 2016 – Registration for North American Repossessors Summit (NARS) 2017, an annual 2-day conference hosted by American Recovery Association, Inc. (ARA) and headlined by Harding Brooks Insurance, is now open and early bird pricing is available.

The summit will be held at the Omni Mandalay Hotel at Las Colinas in Irving, Texas on July 26-27, 2017. NARS 2017 will bring together more than 600 professionals in the recovery and remarketing industries from across the country.

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When Does and Independent Contractor Become an Employee?

Gind_cntrctruest Editorial

There is a strange phenomenon occurring in the asset recovery industry consisting of deep client involvement in the repossession process related to the control and intrusion in the actual act of the repossession.

For some reason the clients seem to be more involved with controlling the actions of the agent in the field for example the “NO CONTACT” with consumers or third parties dictates. What world do these people live in? Apparently, they have never worked an actual field assignment or they would understand that their absurd directive is an impossible demand.

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The 3 Numbers a Repossession Company Lives By

money_nmbrsGuest Editorial

 

225, 431, 77

What do these numbers mean?  Well to answer simply these are the three numbers that I base every decision my company makes on.  These three numbers tell me about my company’s health, who my good clients are and which are due for a pink slip.  My goal today is to share my company’s numbers, what they mean and how I use them to grow my business, and get others to continue the conversation.

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