Tag Archive

Jerry Kroshus Named President and CEO of Auto Approve

Published on August 3, 2017 By Cucolle1

For Immediate Release August 3, 2017 – Maple Grove, MN — Auto Approve announced today that Jerry Kroshus has been named President and CEO. Kroshus started in his new role on July 24th. Kroshus has 28 years of automotive related experience and for the last nine years led PAR North America as its President and […]

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 […]

Starting a Repo Company – The Numbers Don’t Work!

Published on July 13, 2017 By Cucolle1

Editorial In March of 2017, my 16 years of employment with the credit union I had been working for, came to an end. The writing had been on the wall for a while, so it was disappointing, but not a complete surprise. The only question was, what next? Plan B – My 19 year career […]

STOP Manufacturer Licensed Repossession Exemptions!

Published on July 11, 2017 By Cucolle1

AB 290 Exemption from Collateral Recovery Act [Oppose] Please help us stop AB 290 from passing! This bill will could affect recovery agents nationwide! All states look at California to adapt new laws. If AB 290 passes it would allow companies like John Deere to be exempt from using repossession agencies.   Read More!

Angry Borrower Makes Bomb Threats to Lender and Families

Published on June 8, 2017 By Cucolle1

Kansas City, MO – 7 June 2017 – Jackson County Prosecutors charged a 30-year-old Kansas City man with harassment and making terroristic threats after police say he threatened employees and their families at Auto Bank KC, 6901 E. Front Street, when the business informed him they would have to repossess his vehicle if he didn’t […]

Auto Loan Fraud Soars

Published on May 11, 2017 By Cucolle1

Up to 1% of car loan applications include deception, firm says Borrower fraud in U.S. auto loans is surging, and may approach levels seen in mortgages during last decade’s housing bubble, according to a startup firm that helps lenders sniff out bogus borrowers. As many as 1 percent of U.S. car loan applications include some type […]

Auto Sales: The Party May be Over

Published on January 10, 2017 By Cucolle1

Car sales are near record levels. But this is a time of uncertainty for the industry, not celebration. Sales are showing signs of leveling off. When December figures come in Wednesday, they may be enough to eke out a seventh straight year of gains, edging past last year’s record of 17.5 million cars and trucks. […]

Lenders, this is What You Have Been Waiting For!

Published on October 28, 2014 By Cucolle1

FOR IMMEDIATE RELEASE October 28th 2014 –Allied Finance Adjusters announced at their Midyear meeting, their new and improved Member search functions. Lenders can now search by their debtors home or employment zip code and locate an AFA Bonded member’s physical office location within a 100 miles radius. The search results page show each AFA Member […]

Who are the real bad guys; Banks, Forwarders, or Ourselves?

Published on December 2, 2012 By Cucolle1

Editorial As we all know the state of the repossession industry has changed drastically in the last few years.  What was once a very lucrative industry for all who ran their businesses well has become one of distrust and infighting that is seeing costs rise and revenues plummet.   In the past, the relationship was lender-to-agent, […]

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