Santander Collecting Storage, But Repo Agencies Can’t?

To quote someone who may desire to remain anonymous, “Let This Sink in…”

Perhaps I’m a little late on this, but a copy of a borrower notice of intent letter from Santander/Chrysler to an unnamed borrower has surfaced showing Santander charging $25 a day storage while forcing their repossession agents, direct and via Forwarder, to waive the fees. This is almost too bizarre to be true.

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This Subprime Auto Lender Repos 35 Percent of the Cars It Finances

Subprime auto lending has faced intense regulatory scrutiny over the past year, and one name that’s consistently part of that focus is Credit Acceptance, a Michigan-based lender that’s known as the pioneer of financing vehicles for people with shaky credit. Here’s a fact I learned about Credit Acceptance today: every year, it expects to repossess 35 percent of the cars it finances.

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Developing World-Class Debt Collectors Collection Education Scholarships Available

FOR IMMEDIATE RELEASE

Wyoming, MN – February 20, 2018 – Keeping debt collectors up-to-date with fundamental resources and regulatory changes is one secret of a successful collection department.  With changes to the industry coming from every direction, it can be a challenge to keep staff informed.  Now in its eighth year, the CU Recovery Collection Academy educational conference represents a debt recovery strategy geared specifically toward reducing credit union delinquency.  CU Recovery shares its 25+ years of experience by presenting collection best practices, offering peer-to-peer networking opportunities, and speakers covering topics important to day-to-day operations.  The 2.5 day Academy curriculum is formulated from attendee feedback on topics that are essential to the health and success of credit union collection departments.

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CU-Solutions CU Repossession & Remarketing Summit 2018 Heading to Atlanta

Atlanta, GA

May 23rd and 24th, 2018

 

FOR IMMEDIATE RELEASE

Cu-Solutions will be holding it’s CU Repossession & Remarketing Summit 2018 on May 24th, 2018, from 9;00am-5:00pm in Atlanta, GA at the new Renaissance Atlanta Airport Gateway Hotel.

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Illinois, Where Are We Headed?

GUEST EDITORIAL

We often read, in this very blog post, about today’s changes and tragedies that affect the repossession industry.  Often we shake our heads at what some people’s actions invoke in these stories, thinking to ourselves how ridiculous is all this going to get?  Opinions of fellow reader’s often draw and develop the most eye opening conversations when we hear about today’s changes and all or part is disagreed with.  Sometimes these changes are acknowledged by a guest editorials, leaving us, in the end, with the facts to propel change or at minimum the facts to form an opinion.

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When Does and Independent Contractor Become an Employee?

Gind_cntrctruest 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 for example the “NO CONTACT” with consumers or third parties dictates. What world do these people live in? Apparently, they have never worked an actual field assignment or they would understand that their absurd directive is an impossible demand.

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2018 NorthLegal Conferences

FOR IMMEDIATE RELEASE

NorthLegal Training and Publications has announced the dates and locations for its 2018 bankruptcy and collections conferences.  Registration is now open, so if you plan on attending you can do so now using this year’s or in a few weeks using next year’s, whichever works best for your budget.

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Thank You from CU Repo and Remarketing Summit 2017. See you at NARS 2018 in April!!

FOR IMMEDIATE RELEASE

10 November 2017 – It was a beautiful day in Cinnaminson, New Jersey as dozens of credit union collections managers and collectors gathered at the Riverton Country Club for the first ever Credit Union Repossession and Remarketing Summit 2017.

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More Rooms Added for The 2017 Credit Union Repossession and Remarketing Summit

November 8 – November 10, 2017

Riverton Country Club

Cinnaminson, New Jersey

 

FOR IMMEDIATE RELEASE

27 October 2017 – Due to the early sell out of discount block rooms for The Credit Union Repossession and Remarketing Summit 2017, 20 more room at the DoubleTree, Hilton, have been added and, the block rate has been extended to November 1st. These will book up quick, so be sure to reserve your rooms now.

The Credit Union Repossession and Remarketing Summit 2017 will be the premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry.

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The Credit Union Repossession and Remarketing Summit 2017

November 8 – November 10, 2017

Riverton Country Club

Cinnaminson, New Jersey

The Credit Union Repossession and Remarketing Summit 2017 will be THE premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry.

  Read More!

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