Tag Archive

The $500 Repo Fee

Published on July 17, 2017 By Cucolle1

Editorial $500 repo fee. Sounds pretty radical, doesn’t it? Well, really, it’s not. I imagine every one of us has had a father or grandfather who tells us how candy bars used to cost a nickel and gas was a quarter a gallon. Well, they’re usually telling the truth. These changes are reactionary to operational […]

Pressing Issues of Our Time

Published on July 16, 2017 By Cucolle1

FOR IMMEDIATE RELEASE As we quickly approach the arrival of our 9th anniversary of the first North American Repossessors Summit (NARS), I thought I would reflect some on where we are today as an industry. For starters, many of the people who attended the first conference are no longer in the business, and I am […]

PAR and Santander Named in “Forcible Removal” Lawsuit

Published on June 1, 2017 By Cucolle1

Paintsville, KY – 31 May 2017 – Sandra Baldwin, a Johnson County resident, and her lawyer, David Runyon of Kirk Law Firm, have filed a 19-page lawsuit against AA REPO EAST, LLC, of Lexington, Eddie Pinson of Pikeville, allegedly an employee of AA REPO EAST, SANTANDER CONSUMER U.S.A. and PAR, IN. d/b/a PAR NORTH AMERICA […]

Primeritus Financial Services Acquires Global Investigative Services

Published on February 16, 2017 By Cucolle1

PRESS RELEASE Nashville, TN – February 15, 2017 – Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Global Investigative Services, LLC (GIS).   Based in Rockwall, TX, GIS was founded by Greg Hill and […]

NARS 2017 Early Bird Registration Ending Soon

Published on January 26, 2017 By Cucolle1

July 26-27, 2017 –  Omni Mandalay Hotel at Las Colinas in Irving, Texas   NARS will be here before we know it, and there’s only one month left to take advantage of the special early bird registration discount. Get your tickets by February 28, 2017 to save 20% on the cost of registration-–don’t delay, register now! […]

An Open Letter to Santander Consumer USA, Chrysler Capital and MBSi Corp.:

Published on November 16, 2016 By Cucolle1

FOR IMMEDIATE RELEASE November 16, 2016 – Recovery/Repossession businesses across the country recently received a letter from MBSi Corp.—telling these small business owners that they are REQUIRED to purchase and download MBSi’s newest evolution software and operating system, Recovery Connect. Failing to do this, the letter said, would discontinue the ability of the repossession company […]

When Does and Independent Contractor Become an Employee?

Published on November 10, 2016 By Cucolle1

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 […]

Standardizing Rates or Unfair Price Fixing!

Published on April 17, 2016 By Cucolle1

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” […]

Are You the Flavor of the Month?

Published on April 9, 2016 By Cucolle1

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 […]

Does the Repo Man’s Life Matter Anymore?

Published on April 8, 2016 By Cucolle1

Guest Editorial In my 30 plus years in the repossession business I have seen so many changes that has affected the way we do business. Auto auctions have set up companies to solicit the handling of repossessions for the major banks and captive finance companies. Their purpose is to increase their sales of recovered collateral.  They […]

18 visitors online now
11 guests, 7 bots, 0 members
Max visitors today: 28 at 12:40 am UTC
This month: 83 at 07-13-2017 08:07 am UTC
This year: 111 at 05-08-2017 07:10 am UTC
All time: 307 at 07-02-2014 03:18 pm UTC
Skip to toolbar