We are pleased to announce the formation of CASA (Certified Agents Specialist Association). CASA has been created by industry leaders to provide educational and networking opportunities for Repossession Companies, Lenders and Repossession Vendors nationwide to enhance their business practices.
You’re scratching your head and wondering what the term “Seasonal Data” refers to. I define it as the type of data that is valid only during certain times of the year due to the infrequency of updates, or because the data is derived from the type of event that happens just once a year. Because the data is developed as the result of a recent event, it can yield great results, but you need to know when to use the data (when it’s fresh) in order to avoid wasting time and resources.
If you don’t have property coverage and are in the storm’s path, you likely cannot add it now as many insurers cease adding this sort of coverage when storms are approaching. So you should take steps now to ensure your business and assets are protected.
Elizabeth, NJ – Vendor Transparency Solutions, LLC, an Arizona based vendor screening company, launched the first online compliance management system for the automotive lending industry today.
“Through compliance monitoring, VTS is positioned to create new standards in the highly unregulated repossession industry,” Said VTS President, Maximo Pineiro. “Our main focus is to assist lenders in reaching and maintaining the highest level of compliance while minimizing their risk and exposure.”
With an election year upon us and so much uncertainty surrounding our political and economic environments, we are starting to see change coming.
We are starting to see some more movement in subprime lending, which will slowly improve things for our industry. But make no mistake about it, repossession numbers will likely never be back where they were in the 2007-2010 periods. Regulations in lending, fear of the involvement of the CFPB and a general change in how lenders look at and deal with default have forever changed the lending environment, ultimately changing yours.
Edgefield, SC – October 12, 2012 – Nineteen year old Devaughn Simpkins seems to have had a brain cramp when his thought processes convinced him that he could get his repossessed car back simply by pulling a gun and threatening to kill the repo company owner.
For Immediate Release
Enhanced search capabilities help reduce user cost and improve recovery rates
Redwood City, CA – In its continued effort to provide customers with the most efficient and cost effective recovery management software solution, Recovery Database Network (RDN) today announced that it has integrated its application with MasterFiles, a leading data service provider of public records information for the purposes of debt collection, asset recovery and creditworthiness.
Grand Rapids, MI – October 22, 2012 – Collections and Repossessions are a tricky deal. Those of us in this business know this. Many times, the people we are dealing with are not of the highest integrity or ethical standards, and it is unfortunate when such people vilify those of us who hold these standards high. Although in our country we all say “innocent until proven guilty,” unfortunately, a rush to judgment is in our nature, and in fact this article has already caused us to lose business before affidavits are even answered.