Archive for February, 2017

Santander Decides Not to Use GPS

February 27, 2017

Dallas-based Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders, has decided not to use GPS-tracking and ignition kill switch technology as regulators clamp down on the devices, an executive said.   Read More!

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Two Arrested in Repo Attempt

February 24, 2017

Fremont, NB – 22 February 2017 – Two Fremont men were arrested after they allegedly tried to repossess a vehicle from a Fremont residence early Tuesday evening.   Read More!

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The Next Financial Crisis Might Be in Your Driveway

February 22, 2017

With late payments on the rise, a dealership upsell begins to look dangerous. Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t be fooled by the curb appeal, though-those swanky machines are […]

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Primeritus Financial Services Acquires Global Investigative Services

February 16, 2017

PRESS RELEASE Nashville, TN – February 15, 2017 – Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Global Investigative Services, LLC (GIS).   Based in Rockwall, TX, GIS was founded by Greg Hill and […]

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Why is Insurance for the Towing and Repossession Markets so Hard to Find?

February 15, 2017

Press Release RSIG requires members and most national client contracts require repossessors to have $1,000,000 in commercial auto coverage for scheduled vehicles or “owned-autos” a/k/a your tow trucks, spotter vehicles and camera cars.  Repossessors have often tried to minimize insurance costs by just having a towing policy, which they believe covers repossession activities.  And for […]

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An Education, Training, Trade & Networking Event for Repossession Industry Professionals

February 14, 2017

Hosted by: Recovery Specialist Insurance Group & Allied Finance Adjusters Conference Inc. Press Release Are you concerned with 3rd parties tracking your every move?  Have you attended an Internet Profiling Course by Michele Stuart of JAG Investigations in the past 2 years?  If not, you should plan on attending the Education, Training, Trade & Networking […]

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Repo Man Shot During Alleged Garage Break In

February 10, 2017

Lake Havasu City , AZ – 10 February 2017 – Lake Havasu City Police are investigating a shooting in the 2400 block of North Rainbow Avenue that sent two men to the hospital Thursday with non-life threatening injuries. At 2:18 a.m. a female in the residence called police to report there were people attempting to […]

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Repo Man Takes Baby for a Ride

February 9, 2017

Dewey, AZ – 9 February 2017 – A mother put her toddler in the car on Wednesday Feb. 8, ran back into her house, and came back to find the car and child gone, according to Dwight D’Evelyn, a spokesperson for the Yavapai County Sheriff’s Office.   Read More!

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Repo Man Struck on the Head with Shotgun

February 7, 2017

Antioch, CA – 6 February, 2017 – On January 29 at 3:48 pm, a repossession truck driver attempted to recover a 2011, Infiniti, G37, parked in front of a home in the 400 block of W. Tregallas Rd. Once the vehicle was up on the tow truck, a 25 year old man exited the residence […]

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Loss Preventions Services, LLC Selects MBSi Corp. as Technology and Compliance Partner

February 3, 2017

Press Release  Grandville, MI– February 2, 2017 – Loss Prevention Services, LLC, an industry leader in repossession and skip tracing services, announced today that it has chosen MBSi Corp. (MBSi) as its assignment and compliance management solution. Throughout this next year, LPS will transition their assignment management platform to Recovery Connect (RC), MBSi’s next generation […]

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