Remembering Back When – Repossessing in the 60’s

….A long, long time ago

Guest Editorial

In looking at our industry as it is today I began to compare it to what it was like some 50 years ago.  The changes are huge and so I thought maybe it might be interesting to reminisce by putting those changes in an article.  Some of the “old timers” (I mean really, really old timers) will relate to those times and those who were not there back then may enjoy reading about them.  This article is all factual and is based completely from my personal experiences when I came into the industry in the 1960’s.

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

rc2FOR 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 to do business with Santander Consumer USA, Inc. and Chrysler Capital.  No, MBSi didn’t try to sell the use of Recovery Connect system… they DEMANDED that the system be purchased and used.

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“The Man in the Street”- Communications Skills

feet_street

Guest Editorial

I repossessed my first car in 1961….my first test in communicating to a debtor that I was there to take possession of “their” automobile.  In some 25 years of “working the streets” I found that good communications skills was probably the most important “asset” a collateral recovery specialist can have.

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