Tag Archive

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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