Industry Veteran Passes Away

tod_mcdrmttAfter 30 years as an owner of a repossession company, I found myself in a position I hoped would never come. On January 13, 2014 we lost a 27-year veteran recovery agent, Todd DeMerritt. Todd came to work in 1986 as a part time employee and over the past 27 years he learned the skills and had the expertise to do every task asked of him.

Todd passed away unexpectedly of a heart attack leaving behind 4 children from 14 to 21. Recovery Agent Benefit Fund (RABF) came to the aid of his family with a significant financial gift that was only possible because of the kindness of others in the recovery industry. I was able to take a check to Todd’s family earlier this week.  The entire family was blessed by our industry because of the foresight of a few to put the fund together and the generosity of many that has sustained RABF for the past several years.RABF_LOGO

To all that have contributed over the years to the fund — recovery agents, lenders, and vendors -a heart felt thank you. If you do not know about RABF feel free to contact me at or contact RABF at 703-365-0409 with any questions.


Tom Angstead

Allstate Recovery Bureau, Inc.

Arizona / New Mexico

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