Archive for May, 2013

Repo Man Hit By Fleeing Car

May 29, 2013

Vacaville, CA – May 29, 2013 – A Repo Man working for Midnight Express was struck by a borrower in the subject vehicle attempting to flee a repossession attempt on Monday.   Read More!

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Come Out, Come Out, Wherever You Are!

May 28, 2013

Guest Editorial As children we all played the game of Hide and Seek. One child would close their eyes, count to fifty, and say the words, “Come out come out wherever you are!”, and the hunt would begin.  It seems as adults we are still playing this childhood game when it comes to marketing and […]

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Two Repo Women Run Down By Borrower

May 27, 2013

Jennings, LA – May 24, 2013 – 23 year old Rakia Lewis is facing two counts of attempted manslaughter after she allegedly ran over two female repo agents at a car wash.   Read More!

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Compliance is Not a Revenue Opportunity

May 25, 2013

Guest Editorial Compliance is an interesting phenomenon in the industry today!  I call it a “phenomenon” because that word means “Wonder”, “Marvel”, or “Spectacle”, and that’s exactly how I see compliance. Compliance is this sort of unknown quantity, and everyone involved with it interprets it in a different way.  One lender’s compliance is another lender’s […]

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Secure Collateral Management Offers EXPANDED Positive Resolution Fee Program

May 23, 2013

Secure Collateral Management (SCM) notified its network of Recovery Agents of its new expanded Positive Resolution Fee Program (PRF) based on feedback they received from Recovery Agents across the Nation. Beginning immediately, Secure Collateral Management will pay the Recovery Agent $60.00 for their efforts that result in any of the following positive account resolutions:   Read […]

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Three Busted in Bungled Repo Breakout

May 22, 2013

Gainesville, FL – May 22, 2013 – With bolt cutters in hand, two men and a woman crept along the fence of Hyde N Seek Recovery with the intention of breaking in and stealing back a repossessed car. It didn’t go well for them.   Read More!

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American Recovery Service Donates Hundreds of PCs to School Districts and Boys & Girls Club

May 21, 2013

American Recovery Service (ARS), the premier national repossession servicing firm, recently donated hundreds of personal computers to two local school districts and the Boys & Girls Club while meeting compliance goals of automotive lenders across the US.   Read More!

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The Three Types of Tracing

May 21, 2013

Guest Editorial In past post we have covered “The Three Types of Tracers”, and “The Three Types of Skips”.  Now we have to complete the circle and cover the “The Three Types of Tracing”. So you ask why all these Threes?  The number three is generally attributed with a meaning of completeness:  A beginning, middle, […]

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Primeritus Financial Services Rebrands Business Segments

May 18, 2013

PRESS RELEASE Nashville, TN – Monday, May 17, 2013 – After a year of multiple acquisitions, Primeritus Financial Services, a leader in recovery management, skip tracing and remarketing services, announces the rebranding of several of their business service segments.  Read More!

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VENDOR TRANSPARENCY SOLUTIONS LAUNCHES COMPLAINT HANDLING MODULE FOR AUTO LENDERS AND SERVICE PROVIDERS

May 16, 2013

Press Release TUCSON, AZ – Vendor Transparency Solutions, LLC., an Arizona based compliance management company, has announced the addition of their newly released Complaint Handling Module that will be an addition to the industry leading VTS Compliance Monitoring Platform. The industry specific Complaint Handling Module enables lending institutions and service providers to log, track, monitor […]

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