Guest Editorial
In my 30 plus years in the repossession business I have seen so many changes that has affected the way we do business. Auto auctions have set up companies to solicit the handling of repossessions for the major banks and captive finance companies. Their purpose is to increase their sales of recovered collateral. They charge a fee to handle the assigned repossession and then broker it to Repossession companies across the nation. They depend on the recovery company they hire to find and recover the collateral for a flat fee.
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This is absolutely despicable…
However,
You get (or more often do not get)
What you paid for.
I wouldn’t get up in the morning for $25
And if I have to….
Well it’s time for me to look back in retrospect to see what got me there in the first place.
And take immediate action to fix my situation.