Archive for June, 2015

The New “RABF Legacy” Page!

June 30, 2015

Remembering our brothers and sisters of the repossession industry! Press Release 6/29/2015 – Please help support the RABF by visiting the new RABF Legacy page. This is the place to honor the owners and employees of the recovery industry that are no longer with us. This living memorial of our fallen can be shared with […]

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How Low Can Repossession Fees Go?

June 29, 2015

Guest Editorial Repossession fees have been cut and cut to the point it is getting dangerous. It’s been shown time and time again, when you read these stories about repossessions gone bad, they happened when you have untrained people out there picking up cars and/or they are under undue stress to repossess that car because […]

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Luke Smith, President of MVTRAC Wins Leukemia & Lymphoma Society 2015 Man of the Year

June 26, 2015

Chicago, IL – June 25, 2015 – Luke K. Smith, President of MVTRAC, LLC, has been named the Leukemia & Lymphoma Society (LLS) 2015 Man of the Year. Collectively, Luke along with the other candidates from the Illinois chapter raised over $600,000 to help cure leukemia, lymphoma, Hodgkin’s disease and myeloma, and improve the quality of […]

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Anonymous Creates Epic Video Explaining the State of the Repo Industry

June 24, 2015

The mysterious anti-repossession forwarding group, Anonymous has created a humorous but fact filled video explaining the current state of the repossession industry. Albeit in the form of an animated narrator, the purposely formatted “Fairy Tale” entitled “Welcome to a Grim Fairytale About our Total Annihilation“ does a good job of explaining the history of repossession […]

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Monte Sernel of United Auto Recovery Passes Away

June 23, 2015

Germantown, TN – June 19, 2015 – Montgomery (Monte) Bates Sernel, 42, of Germantown, TN passed away early Friday afternoon surrounded by family and friends as a result of complications from a brain injury. Monte was the General Manager of United Auto Recovery of Memphis, TN.     Read More!

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Allied Finance Adjusters (AFA) and Vendor Transparency Solutions (VTS) Integrate

June 22, 2015

“The Largest Not-For-Profit National Trade Association Of Repossession Professionals Since 1936” For Immediate Release June 18th 2015 – Allied Finance Adjusters (AFA) and Vendor Transparency Solutions (VTS) through our ongoing partnership are proud to announce the integration of the AFA vetting portal with the VTS platform. AFA is now able to order inspections and monitor […]

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ROA Partners With NCCI Providing Field Contact Services

June 19, 2015

New partnership helps reduce loan losses for ROA clients FOR IMMEDIATE RELEASE PASADENA, Calif., June 18, 2015 — Remarketing of America (ROA), the premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, has partnered with National Creditors Connection, Inc. (NCCI) to provide field contact services for lenders […]

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CU Recovery Awards $5,000 in Collection Academy Scholarships Recipients will Share Their Entries at Conference

June 18, 2015

FOR IMMEDIATE RELEASE Wyoming, MN – June 15, 2015 – CU Recovery, the #1 collection resource for credit unions, is pleased to announce the award of $5,000.00 in tuition scholarships to its Fall 2015 Collection Academy. 5 scholarships were awarded to small, medium and large credit unions based on their submission about changes that were […]

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The Court Got It Right

June 17, 2015

Guest Editorial If you read CUCollector, which is an excellent forum for information and accuracy for the collateral recovery industry and the lending community you probably read the recent article regarding a lawsuit filed in federal court under the FDCPA by Wanda Vantu v. Echo Recovery, LLC, et al. This article has stimulated lots of […]

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TFA Offers Compliance Membership Incentive to Repossession Industry

June 17, 2015

FOR IMMEDIATE RELEASE June 16th, 2015 – In order to further expand the geographical reach, and levels of CFPB compliance within its organization, Time Finance Adjusters is offering a substantial discount to new applicants who are current VTS subscribers. TFA is offering a 25% discount for all listing fees for the first year of TFA […]

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