The American Repossessor

Are you ‘all teched up’ and ready for the future and what it brings for the repossession/recovery industry? If you want to compete today and in the future, you need the technology in place that will enable you to not only run your company profitably, but also stave away your competitors!

Our industry is changing fast. Not so long ago, it was the fax machine that we bowed down to so that we could receive our client’s work and now we can do that via e-mail, client’s own websites, our websites, our repossession software, our cell phones – and I am sure it will not stop there. In addition to all the aforementioned, we have GPS, we have license plate recognition technology now we can add remarketing technology (see the Technology section for more details). I wonder what will be next?

Technology may push us forward, probably quicker than we anticipate, but it is the basics of our industry such as repossession insurance, that ensure we are able to minimize our client’s liabilities, as well as our own. Read more about that in ‘Repossession Insurance  – Do you understand what you are getting? – an article by Joe Taylor, a veteran of our industry that has a great deal of experience and knowledge to share with us all.

It is our ever-changing clients, many of which are the multi-national corporations that move the repossession/recovery industry forward and as much as all the repossession companies I have ever come into contact want them as clients because of who they are, often they are in no position to handle that level of business. Read more about this in the column ‘Do you really understand your clients?

It is good to see that many readers are leaving comments on www.theamericanrepossessor.com to share with others.

As I said last month, www.theamericanrepossessor.com will always be a work in progress, so that we can at the forefront of providing information and education to our readers.

So watch this space, as we continue to develop and grow.

Be safe out there.

Susan Marston