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How many more repossession related shootings are we going to read about before something is done to stop this ludicrous violence that is still hitting our streets?

In the last 20 days, www.theamericanrepossessor.com has found 5 articles (see the articles listed on the home page) that are all gun related repossessions and they are in diverse areas of the country – Missouri, California, Louisiana, Ohio, and Texas.

Why on earth are your Field Agents/driver out in the middle of the night and/or early hours of the morning repossessing vehicles?

This simply has to stop and to do that we need legislation, licensing and regulation laws to help end this so-called repossession activity at ridiculous hours. You are simply asking for trouble as debtors, irrespective of time of day or night, have a right to protect themselves and their property – I don’t just say this, the law does!

We too have a responsibility to our employees i.e our Field Agents, as they too need to be safe. You need to ensure that our repossessors are well trained in the work that they do so that they can deal with all situations that present themselves while they are repossessing.

There was a great deal of concern regarding this at the first North American Repossessors Summit in Dallas, that I attended last month. Take a look at the report on the home page and this will give you an insight into several other areas that many repossession company owners were concerned about.

Ultimately a repossession order/assignment is usually for a piece of metal with four wheels and that piece of metal is not worth anyone losing life or limb over. There is always another day!

Just a quick reminder. The original deadline for compliance for the Red Flag Rules was 1 November 2008. Needless to say that not many corporations/companies/organizations country-wide were prepared for this and so the Federal Trade Commission granted a six month delay in the enforcement of the Red Flag Rule, “…allowing additional time in which to develop and implement written identity theft prevention programs…”. (See the Red Flag Policy section)

Now the date for compliance is by 1 May 2009., when the FTC will begin to enforce the Red Flag Rules.

Columns and Features

North American Reposessors Summit, Dallas, Texas – 14-15 March 2009
By Susan Marston

And why didn’t you attend? This event was the first of its kind and it tried to reach out to the repossession industry as a whole, requesting YOUR input to help to improve our industry, yes the one that most of us earn our daily bread from!

Irrespective of your non-attendance the event took place. It was wonderful to see the number of repossession company owners that had the commitment, dedication, curiosity and investment of their time and money to see what was going on. There were many attendees that were from all corners of the country – representing 32 States, stretching from California to New York, Washington to Massachusetts, Louisiana to Iowa, Minnesota to Florida, covering all those in between eg., Ohio, Kansas, Nevada, North Carolina and quite a few more. …more…

The tail is wagging the dog… NOT for long though!
By Susan Marston

Last month, I attended the first North American Repossessors Summit in Dallas (you can read all about that in the column dedicated to the event). There were many repossession company owners/CEOs/Presidents attending too.

During several related discussions, I heard numerous times from the audience that they could not get their Field Agents/Collateral Recovery Specialists to run client accounts/assignments/orders that were not new and that they would ‘cherry-pick’ the accounts that they wanted to. Added to that I had heard that too from several client companies that I work with, but in this instance, I heard it at the beginning of our working relationship. My thoughts were and still are…. ‘who’s company is this…. who is in charge, the Field Agents or the owners/CEOs/Presidents’?

Now, I can say with pride, that these companies do not have that problem any longer. Why? Because now the company owners/CEO’s/Presidents have taken back control of their own companies and are not dictated to or by anyone within it, particularly the Field Agents! …more…

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Columns and Features

North American Reposessors Summit, Dallas, Texas – 14-15 March 2009 By Susan Marston

The tail is wagging the dog… NOT for long though! By Susan Marston

Keep Current

North American Reposessors Summit, Dallas, Texas – 14-15 March 2009
By Susan Marston

The tail is wagging the dog… NOT for long though!
By Susan Marston