Registration Now Open for the Tenth Annual North American Repossessors Summit™

FOR IMMEDIATE RELEASE

IRVING, Texas – October 11, 2017 – Registration for North American Repossessors Summit (NARS) 2018, an annual 2-day conference hosted by American Recovery Association, Inc. (ARA) and headlined by Harding Brooks Insurance, is now open and early bird pricing is available.

The theme for NARS 2018 is: “Stronger Together: Celebrating 10 years of leadership, education and unity.” According to Dave Kennedy, president of American Recovery Association, “NARS began in a fragmented industry, and although initially people were hesitant to participate, over the past 10 years it has become the number one industry event of the year.

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Credit Acceptance Issued Subpoena over Collections Practices, Again

Credit Acceptance has confirmed with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Mississippi attorney general on August 14, 2017. Credit Acceptance claims that the subpoena is only related to the origination and collection of non-prime vehicle installment contracts in the state of Mississippi.

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Dumpster Diving – Personal Property Fees

Editorial

Cockroaches scurry for cover under the seats as you open the door of the car that was just repossessed earlier that morning. The sun has been up for a few hours and the car’s interior has fermented it’s contents that greet you with a sour rotting smell. Rubber gloves on and trash bag in hand, you begin the inventory of a half-eaten “Egg MCMuffin”, dirty diapers, assorted papers, shirts and a lot of items belonging to the borrower that makes you wonder why is all of this in their vehicle? This is, no doubt, sometimes the most unpleasant part of the repossession process.

So, why do you do it? You have to! It’s the law. As a legal compromise, the law also allows you to charge for the removal, inventory and storage of this property. So, why would you not charge for this?

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