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FROM THE EDITOR
December has crept up without many of us noticing how little time there actually is to the wonderful time of Christmas. It’s been an interesting year to say the least and I am sure that 2012 will not disappoint us with what it has to bring. Vehicle loans have increased particularly in the deep sub-prime by 17.3% and sub-prime by 17.8% - so things are moving in the right... Continue »From the Editor
“Change is the law of life and those who look only to the past or present are certain to miss the future”. John F Kennedy (1917-1963) 35th President of the United States. According to the Equifax National Credit Trends Report, there has been more than a 47% increase in lending over the last two years. The comparison of July 2009 and July 2011 auto finance company originated loans... Continue »From the Editor
Yet again more violence and unprofessional acts are hitting our streets during the acts of repossessing. For example, ramming of vehicle by a debtor into tow truck repossession vehicle in Lansing, Michigan (see http://www.livingstondaily.com/article/20110928/NEWS01/109280318/Businessman-heading-trial?odyssey=tab|topnews|text|Frontpage; repossession agent arrested for impersonating a police... Continue »From the Editor
SPECIAL FEATURE FORWARDING….FORWARDERS…. READ WHAT THEY HAVE TO SAY - HEAR IT FROM THE ‘HORSES MOUTH’ ! www.theamericanrepossessor.com has through the years experienced many comments and complaints regarding the Forwarding Companies and we felt that it was time to do a SPECIAL FEATURE that concentrates on the Forwarding Sector. The Special Feature was to provide... Continue »FROM THE EDITOR
SPECIAL FEATURE FORWARDING….FORWARDERS…. READ WHAT THEY HAVE TO SAY - HEAR IT FROM THE ‘HORSES MOUTH’ ! www.theamericanrepossessor.com has through the years experienced many comments and complaints regarding the Forwarding Companies and we felt that it was time to do a SPECIAL FEATURE that concentrates on the Forwarding Sector. The Special Feature was to provide... Continue »FROM THE EDITOR
SPECIAL FEATURE FORWARDING….FORWARDERS…. READ WHAT THEY HAVE TO SAY - HEAR IT FROM THE ‘HORSES MOUTH’ ! www.theamericanrepossessor.com has through the years experienced many comments and complaints regarding the Forwarding Companies and we felt that it was time to do a SPECIAL FEATURE that concentrates on the Forwarding Sector. The Special Feature was to provide... Continue »From the Editor
Does anyone really know what is happening within our industry – by that I mean, the impact of the economy and the toll it is, and has been taking on repossession companies and lenders too? The ‘grapevine’ tells us that there are so many repossession companies that have ceased doing business and have closed their doors and/or many are trying to sell their companies and completely get... Continue »WISHING ALL READERS, A VERY HAPPY 4TH JULY.
WISHING ALL READERS, A VERY HAPPY 4TH JULY. To celebrate, we have listed numerous famous quotations that relate to Independence Day, in remembrance of many that go before us, that left us with a ‘hard acts to follow’. These include some of the Founding Fathers. “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator... Continue »FROM THE EDITOR
“Change is the law of life. And those who look only to the past or present are certain to miss the future” JOHN F KENNEDY, 35TH PRESIDENT OF THE UNITED STATES, 29 MAY 1917 - 22 NOVEMBER 1963 For many repossession company owners, they are still facing tough economic times as repossession orders in many regions have been reduced by lenders, simply because our economy is not allowing... Continue »From the Editor
Finally, spring is in the air! But yet again, our industry seems to be plagued with negative media coverage, unprofessional and now we have a scam that is affecting the lending community. What else for goodness sake? We have BREAKING NEWS……LENDERS (Auto lenders, Banks, Credit Unions, Financial Organizations), TRADE ASSOCIATIONS, REPOSSESSION COMPANIES – take note of the article... Continue »From the Editor
March has fast moved on into April but we take away from that month an insight into the future of our industry when the 2011 North American Repossessors Summit presented a look at different aspects within the industry as to the varying elements of business that could improve the industry as a whole and also to individual repossession companies too. For those of you that attended, you will... Continue »FROM THE EDITOR
Spring is in the air - finally! A new season and new event that you, not only need to take note of, but you need to attend. NARS 2011 - Have you booked yet? No, then what are you waiting for? See the link 'Your Industry. Your Future' on the website or go directly to www.reposummit.org for the information. It's an action-packed event that has an unprecedented array of speakers,... Continue »FROM THE EDITOR
What a wonderful positive beginning to the month of February - in that we see Ford, GM and Chrysler having bumper increases in their sales performance in 2010 and that has to contribute to the growth of the economy, not to mention to our Repossession Industry. We also see an increase in sales by Toyota, Audi, Honda, BMW and if I researched further, I am sure I would find many more auto... Continue »FROM THE EDITOR
2011 is upon us and have you reserved your place at the North American Repossessors Summit in March? You should do that soon as possible, as reservations are coming in thick and fast – so reserve your place now. It’s an ‘action packed’ agenda – one that you cannot afford to miss! For more information, there is a link on the Home Page that takes you directly to the Summit’s... Continue »From the Editor
What a shame that the meaning of Christmas has really lost its meaning. By that I mean, since when did we start celebrating Christmas at the end of October/early November? A great time of the year for us to spend time with our families - be they are real families or our business families. It's a time when many business owners show appreciation to those that work so hard for them, as... Continue »From the Editor
There seems to be a great deal of movement within the Repossession Industry and more repossession companies closing down and at the same time, new repossession companies opening up. This is nothing new in the realm of business, as there are businesses opening and closing in all industry sectors. Nature of the beast – i.e. the business world! In and amongst all that, we need to focus... Continue »From the Editor – October 2010
And here comes more change. Recently we saw President Obama sign the Small Business Jobs Act, which is aimed at small business owners helping them to receive tax breaks and better access to credit. If you didn't know already, the small business sector is the job creating sector - not the Fortune 500 corporations. According to the Office of Advocacy estimates based on data from the U.S.... Continue »From The Editor – September 2010
We are forever moving - I mean who has time to stand still? We have had a huge amount of positive feedback on the new www.theamericanrepossessor.com, so we know we are heading in the right direction. There have been numerous enquiries from individuals that are interested in joining our industry - some that are within it already eg., as Field Agents that want to start their own companies and... Continue »From The Editor – August 2010
Yes, more change! As part of our plan to continually update The American Repossessor, we now have a new Home Page, with a new look. Within that we have articles and columns that cover numerous areas of business relating to the repossession industry, having added the new section regarding Health - an area of life that impacts and affects all of us. You only have to read the news regarding... Continue »From The Editor – July 2010
How we conduct business, changes daily and to ensure that company owners keep up with those changes, they need to ensure that they have good MANAGEMENT skills in place. In addition to that you also need good CONTROL skills and COMMUNICATION skills, as without those three business functions, it will be extremely difficult to reach your goals. Because MANAGEMENT, CONTROL and COMMUNICATION are... Continue »From the Editor – June 2010
There has been a huge move from the towing industry looking to diversify their services into the repossession industry and provide both towing services and repossession services. Very similar some may say, but that is definitely not true in reality and Jeffrey Godwin, the Vice President of FTI Group Inc/towXchange Inc. twopartners &towpartners will give you a good insight into that via... Continue »From the Editor – May 2010
The Repossession Industry keeps hitting the news one way or another. Sometimes there are good things, but unfortunately those are outweighed by the bad things - and it is the latter that we are recognized for. Irrespective of the negative publicity out there, we need to focus and focus hard on what we are doing as our clients continually change the industry and up the 'anti' (as we would say... Continue »From the Editor – April 2010
The Repossession Industry keeps changing, because it is our clients that keep changing it. And now we can still add 'the economy' into the mix because it will be a while before 'things get back to normal' (if they ever do that is). Always at this time of year I hear about so many repossession companies scrambling to get new business and still to this day, after many years of involvement in... Continue »From the Editor – March 2010
Well, I think I have seen many things in my lifetime and definitely a great many things whilst working within the Repossession Industry, but seeing the trailers for the new movie “Repo Men” gives a truly new meaning to what the repossession industry could be in the future. This movie is about the repossession of human organs. ‘Set in the near future when artificial organs can be... Continue »Must See
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