Renovo puts its Disaster Continuity Plan into Action

Press Release

Renovo Services, LLC the vehicle transition industry’s most fully-integrated single source solution to the financial services industry announces the successful implementation of its Business Continuity Plan.

“The recent storms in the southeastern United States provided a very real reminder of the importance of system and process redundancy in a large volume business such as repossession management,” said Wes Goebel, COO of Renovo.

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Dismantling Atomic Bombs – 8 Things in the Repossession Process that Get Lenders Sued

To the outside world, collections looks pretty simple, call people and guilt and threaten them into paying money they owe. The reality is, collections is perhaps the most complicated and litigious area of any lending institution. Think of all of the interconnecting regulations pertaining to bankruptcy, credit reporting, the FDCPA, the UCC, California’s Reese Levering Act and the archaic FTC rules on telemarketing and they’ll see just how simple it really is.

Amazingly, most of us dance through this legal minefield daily with no trouble at all. Regardless, it is always wise to put on our “thinking caps” from time to time and keep the thought processes of both ourselves and our staff sharp.

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