Just Spinning Our Wheels

Editorial

Why are we working like this? We are forced to work for companies that basically have us up against a wall, either accept our terms or don’t receive the assignments. I feel like we are being bullied by these companies because we all know that if we turn down the work, someone else will do it. It seems like it’s a no win situation and I strongly believe that the banks need to be aware of who they are dealing with when choosing what I deem to be a cut rate operation.

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Former Sheriff Deputy’s Lawsuit Against Repo Company and Toyota Motor Credit

Adrian, MI – April 25, 2012 – On Monday in Lenawee County Circuit Court, a former sheriff deputy’s lawsuit against a repo man he blames for his firing was scheduled for trial in September next year during a hearing Monday. Toyota Motor Credit was also named claiming the repossession order from Toyota Motor Credit Corp. was improper. If held responsible, TMCC could be held responsible in court. The Repo owners insurance will not defense the claim.

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East Texas Repo Owners Tell News of the Dangers of Modern Repossession

East Texas – April 24, 2012 – Having a vehicle re-possessed can be a very frustrating situation. But imagine being the man behind the tow truck.

For Wesley Peirce, and his drivers at East Texas Auto Recovery in Longview, the goal seems simple.

“The goal is to get the car and leave with it,” he said. “If it’s front wheel drive, I want to get to the front of it, pick it up and leave.”

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NFA Response to the New Chase Contract

Editorial

Recently we have heard an outpouring of concern from the professional recovery agents and the insurance community regarding the newly released contract from Chase Auto Finance.  NFA shares your concerns.  The board discussed this matter last week at our midwinter meeting and decided to have the contract reviewed by our general counsel on behalf of the members of NFA.  We will also be reaching out directly to Chase responding on behalf of the NFA.

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