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 […]
Guest Editorial It is hard to believe that the Christmas season is once again upon us. Of course at my age, every morning I wake up and realize I can still walk and see and still go to work and be productive, it is a time for celebration. Read More!
Editorial For several years, the repossession industry was up in arms about the proliferation of “Repo Reality” TV shows and the negative image of the industry they portrayed as a bunch of lawn wrestling jug heads who dropped their gloves for a fight on the drop of a dime. There was a perception and theory […]
Guest Editorial There is a strange phenomenon occurring in the asset recovery industry consisting of deep client involvement in the repossession process related to the control and intrusion in the actual act of the repossession. For some reason the clients seem to be more involved with controlling the actions of the agent in the field […]
Guest Editorial 225, 431, 77 What do these numbers mean? Well to answer simply these are the three numbers that I base every decision my company makes on. These three numbers tell me about my company’s health, who my good clients are and which are due for a pink slip. My goal today is […]
Guest Editorial The National Consumer Law Center (NCLC) is proposing major changes to article 9 of the Universal Commercial Code (UCC) which would materially affect consumer lending and how repossessions are done. If states adopt this latest proposed revision of the UCC, it would dramatically change repossession and lending practices and increase the potential for […]
August 16, 2016 – Earlier this month, English HBO comedian and commentator took aim at the subprime auto industry with some accurate, but perhaps unobjective insights into the financing practices of some “Buy Here Pay Here” used car dealers. Read More!
Protecting a Consumers Non Public Personal Information When Using “Free Public Wi-Fi” Guest Editorial In our computer tech business environment, it is not uncommon to see a field agent pull their recovery vehicle into a business parking lot and use the “FREE WI-FI” to perform actions on their laptop, notebook or smart phone. The use […]
GUEST EDITORIAL An email message to agents appeared in my inbox yesterday that causes great alarm to me and should be ringing your alarm bells too. In an attempt to fall within an undefined state of “COMPLIANCE” a strong player within the recovery industry has taken it upon themselves to set “Work environment financial rules” […]
Guest Editorial Are you being contacted by clients you have not heard from in years, or even clients you have never heard of? There seems to be a scurry of inquiries about our services all around the nation lately. Could this mean clients are becoming disenchanted with the forwarding model that took over not so […]