Repo Companies Being Cut Off From Credit and Banking

EDITORIAL

If you didn’t think the big Lenders thought very highly of the men and women and the industry that recovers their delinquent auto loans before, their latest actions show their clear disdain and dismissiveness. It has just recently been reported that numerous repossession agencies have recently had their access to company credit cards and bank accounts closed by Bank of America, Citibank and Chase.

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NM Repo Man Arrested for Posing as a Cop

Albuquerque, NM – 17 November 2017 – Officers said a man tried to pull over another driver with his police lights. However, he’s not a cop. Last month, an officer in an unmarked unit spotted a tow truck near I-25 and San Antonio “with red and blue flashing overhead lights.”

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Caught on Video – Repo Man Chased and Attacked

The owner of the car was holding a crowbar and smashed the rear window of the tow truck while the truck driver tried to escape, according to investigators. Sparks were flying from the vehicle as it was dragged for more than 10 minutes through the streets of Compton.

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Two Repo Men Arrested After Alleged Assault and Chase

Alexander City, AL – 3 August 2017 – An attempt to repossess an automobile led to a fight and a police chase with the two individuals from the repo-vehicle being arrested.

“We got a call of individuals fighting in the Five Points area,” Alexander City Police Captain Mario Hodge said. “As we were responding, they left the scene with one vehicle chasing the other.”

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Repo Chase Leads to Carjacking and Crashed Mercedes

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Vista, CA – 2 December 2016 – Two alleged carjackers were arrested following a wild chase involving a repo truck in Vista Wednesday morning.

Authorities say a couple following a repo truck with a vehicle in tow pulled a shotgun out and fired at least one shot around 4:30 a.m. on Gopher Canyon Road.

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Repo Man Pleads Guilty to Manslaughter

KDrw_UTSalt Lake City, UT – 28 November 2016 – A repo man charged with manslaughter in the death of a Pleasant Grove woman pleaded guilty to his crime Monday morning.

Kenneth Drew pleaded guilty before Judge Thomas Low in American Fork’s Fourth District Court to one second-degree felony of manslaughter in the death of Ashleigh Best.

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