Memphis Gang Member Gets Prison for Armed Encounter with Repo Men

Little Rock, AR – 16 February 2018 – Cody Hiland, United States Attorney for the Eastern District of Arkansas, and Jeffrey Reed, Resident Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF), announce that late Thursday multi-convicted felon Marvin Meux, 45, of West Memphis, was sentenced to 210 months in federal prison for his illegal possession of a firearm after his armed encounter with two Repo Men in 2015.

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The True Cost of Free Storage

GUEST EDITORIAL

Repossession company owners hear this phrase every time they court a new client, “how many free days of storage do you offer?” or some variation.  For most of us this question is answered begrudgingly and usually begins the standard back and forth of negotiation.  Often this leads to at the very least relinquishing any fees for storage for a certain amount of days to this new client, and as a result the owner gave away his highest profit item in the hopes of earning more work.

Now some of you reading this are rolling your eyes and saying to yourself “here comes another lecture about giving our services away”.  No, I won’t do that because I am just as guilty as you are and have the same conversation with every new client and current client for that matter every time we discuss fees.

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Convicted Felon Fires Shots at Repo Man

Memphis, TN – 14 February 2018 – A convicted felon is once again behind bars after being accused of opening fire on a repo man. The incident happened Tuesday in the 4500 block of Lawrence Avenue. A Tri-State repossession employee was reportedly picking up a silver Ford Mustang in the neighborhood when the suspect, Mack Benton, fired multiple times using both a Mossberg .22 pistol and a burgundy semi auto 9 mm pistol.

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The BIG Question in Illinois

EDITORIAL

The BIG question in Illinois seems to be where is the IRA headed? Well, I have some answers for you!

Recently, I had the opportunity to hold my first IRA meeting as the new president and several decisions were made as a result. The purpose of this article is to provide an update on the reformation of the IRA.

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Do You Really Need Those Cyber Liability/Computer Crime and Employee Dishonesty Insurance Policies or is it Just Hype by the Lenders?

Read the following article taken this week from, The Washington Post, and imagine if you will, that  Mr. Thompson in this article was in fact, your employee who gave NPI data to a third party.

2nd man charged in harassing of officer

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Social Media and its Impact on Insurance Coverages

GUEST EDITORIAL

Like a double edged sword, social media can be a great way to communicate or if used irresponsibility can make you bleed headaches.  Remember, what you post on any social media site doesn’t go away….ever.

I hope recovery agents and recovery agency owners around the country will read and maybe re-read this article, because it directly affects you and your insurance coverages.  You’re probably saying that can’t be possible.  Well here is how.

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Double Assignments = Deadly Assignments

EDITORIAL

For whatever reasons, the practice of double assigning repossessions keeps rearing its ugly head. The causes range from; a collector receiving a new address in another area or the collector or vendor management staff feel that the assigned agency isn’t working the account or just good old fashioned brain cramps causing the collector to forget to close the assignment. Any way you look at it, it’s a bad practice and a deadly one.

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