Note: The article was written by ALS Resolvion with the input and data provided by the American Recovery Association.
Over the past year, there has been a great deal of discussion about the fees related to the removal and storage of personal property. The issue has resulted in significant changes by most lenders as to how personal property fees are handled. As one of the leading nationwide repossession management companies, we have dealt with the matter across many different lenders, and from our perspective, we often find that the issues associated with handling personal property fees are often misunderstood and underestimated. The remainder of this article will focus on shedding light on the matter.
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