All the latest news relating to the Repossession/Recovery Industry, national and international.
Browse all the latest newsOne of the fastest growing forces that is driving the Repossession/Recovery Industry forward is Technology and this section is dedicated to news-related articles.
Browse TechnologyAre you in compliance? The Government’s FTC (Federal Trade Commission) is requiring financial institutions to be – so you need to be too!
Browse Red Flag Rule ProgramWe have a diverse coverage of topics this month from several new writers, all of which their subject areas are significantly important to the success of educating us and helping you to run professional repossession companies.
This industry has to professionalize to gain the respect it so rightfully deserves and it needs to overcome the negativity of the ‘ball and chain’ that it has been given by these idiotic people  that continue to represent us in a very unprofessional and foolish way.  Of course, we may not be able to rid the TV channels of the rogue repossession company owners that choose to portray us in this way, but at least we can look to work together to minimize this array of harmful media coverage. …more…
ConnecTGo, Inc. IS PROUD TO ANNOUCE ITS NEW ISO 9001:2008 STATUS
OHIO, 1 DECEMBER 2009: ConnecTGo, Inc. is proud to announce that it is now an independently accredited ISO 9001:2008 certified company and all the services it provides, which includes training at all levels within repossession companies, ranging from Field Agents, to office staff to senior management, consulting and advisory services that help companies to develop and grow profitably plus others, and they have the ISO 9001 tag attached to it and that includes www.theamericanrepossessor.com. …more…
As a recovery professional, I often talk about how the industry has evolved over the past two decades. I haven’t seen a lot of positive changes, but I’ve seen enough to help me stay in the business. The existing sales model forwarding companies and auction houses have sold to the lenders has negatively impacted our industry by reducing it to being viewed as a commodity business. This has been harmful to the growth of our industry and detrimental to the survival of recovery agents’ businesses. I’ve commiserated with and listened to my fellow recovery agents speak of the countless ways the forwarding model has been harmful – to our industry, to them and to me. So, what I’m about to say may come as a surprise. …more…
With the advent of the continuous changes within our industry it is vital that repossession company owners ensure that all the Field Agents that work for them are completely knowledgeable  with the Repossession Laws within the States that you conduct your business.
The old saying ..”Knowledge is Power….” supports all that we do within our daily lives, but even more so when you are trying to earn a living. The more knowledgeable the Field Agents are, the more repossessions they will have. …more…
A recent discussion on a repossession web site involved the use of badges during a repossession. A review of 2007 Appeals Court decision may add some light to this discussion.
Repossessor was hired to repossess a silver Pontiac Grand Prix from Debtor. Debtor dated a woman named Jessie. Jessie ‘s parents were divorced, and Jessie had at times in the past three years lived with her mother, although she and Debtor were staying with Jessie ‘s father at the time of the attempted repossession. …more…
There seems to be an aversion within the repossession industry from many within it to help people who are interested in either working in it or starting their own company. I have been told by many about this, and I have also read many comments from those that think they know it all, to those that may not know much about it, that they should go find a job elsewhere.
Whether you like it or not, just because negative comments are thrown at these people, it does not deter them to begin working in the industry, irrespective of capacity. And often many of these inexperienced and ill-prepared people turn out to be the very people who ‘cowboy’ our industry. …more…
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