Archive for July, 2017

What Happens When the Professional Repossession Industry Dies?

July 26, 2017

EDITORIAL Well, this isn’t likely to help in my job hunt in lending and collections, but I’ve got to get it off my chest. A friend of mine who works in a repossession related business, recently had a meeting with a leader of a large financial organization who assigns their work through a large forwarding […]

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PAR North America Assists the RABF With a Significant Donation and Pledges Future Support!

July 25, 2017

Jeff Sibbet, Director of Recovery Services for PAR North America reached out to the Recovery Agents Benefit Fund with exciting news of their support for the RABF at their recent Agent Networking Event and Golf Outing held in Indianapolis, Indiana in June; along with news of their planned continued support of the fund and this […]

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Response to Pennsylvania forming CFPB

July 24, 2017

FOR IMMEDIATE RELEASE There is big news out of Pennsylvania this morning affecting the financial Institution and third-party service provider world. Pennsylvania Attorney General Josh Shapiro announced the formation of a State of Pennsylvania Consumer Finance Protection Bureau.   Read More!

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Women in the Repossession Industry – Making their Mark

July 22, 2017

Joan Hudson is a legend in the repossession industry and has definitely made her mark as a role model for getting involved and making things happen.  She was a pioneer in a male dominated industry and committed herself to educating others about the repossession industry. She is currently the owner of A.R.B. of Louisiana and […]

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Repo Man Shoots Family Dog – Accusations Ensue

July 18, 2017

Detroit, MI – 17 July 2017 – A repo man said when he pulled up to repossess a vehicle in Detroit, he had no choice to but to shoot a family’s dog that he says was ready to attack. But the owner of the dog says that’s not true – from the back of a […]

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The $500 Repo Fee

July 17, 2017

Editorial $500 repo fee. Sounds pretty radical, doesn’t it? Well, really, it’s not. I imagine every one of us has had a father or grandfather who tells us how candy bars used to cost a nickel and gas was a quarter a gallon. Well, they’re usually telling the truth. These changes are reactionary to operational […]

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Pressing Issues of Our Time

July 16, 2017

FOR IMMEDIATE RELEASE As we quickly approach the arrival of our 9th anniversary of the first North American Repossessors Summit (NARS), I thought I would reflect some on where we are today as an industry. For starters, many of the people who attended the first conference are no longer in the business, and I am […]

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KY Repo Man Threatened and Beaten at Gunpoint

July 14, 2017

Hopkinsville , KY – 14 July 2017 – Two Hopkinsville residents were arrested Wednesday after they reportedly assaulted and held a gun on a man trying to legally repossess a vehicle.   Read More!

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Starting a Repo Company – The Numbers Don’t Work!

July 13, 2017

Editorial In March of 2017, my 16 years of employment with the credit union I had been working for, came to an end. The writing had been on the wall for a while, so it was disappointing, but not a complete surprise. The only question was, what next? Plan B – My 19 year career […]

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STOP Manufacturer Licensed Repossession Exemptions!

July 11, 2017

AB 290 Exemption from Collateral Recovery Act [Oppose] Please help us stop AB 290 from passing! This bill will could affect recovery agents nationwide! All states look at California to adapt new laws. If AB 290 passes it would allow companies like John Deere to be exempt from using repossession agencies.   Read More!

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