As the economic slump continues, many people are struggling to make ends meet, and unfortunately, vehicle repossessions are on the rise. Having a car repossessed hinders more than just a car owner’s mobility; it has a severe impact on credit scores, limiting the ability to get loans or credit cards for up to seven years.
According to the American Bankers Association, the number of direct auto...
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RAHWAY -- Ryan Brennan is only 17, but works hard at a landscaping business he began five years ago. He wanted a car that reflected his entrepreneurial dash. With help from parents who took out a loan from PNC Financial Services, the high school senior got it in May and drove the 2004 BMW off the lot of Galaxy Motors in Rahway.
"I knew he'd make the payments," says his mother Linda, a teacher's...
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Twinsburg Township -- Police arrested a 23-year-old Bedford man Aug. 11 after he allegedly became belligerent with members of a repossession company regarding his car, parked at an Enterprise Parkway business.
A man from the repossession company called police at 1:15 a.m., saying the man was yelling and trying to wrestle a car key away from a repossession company co-worker.
Responding...
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Selma police said that a woman set fire to and destroyed her car in her driveway as two men were trying to repossess it Wednesday afternoon.
Two workers from P&C Recovery came to Latonia Tamika Monroe-Myers' home in the Southern Estates trailer park to repossess her blue 1995 Nissan Maxima, Detective Keith Vaughn said. He said that Monroe-Myers got into an altercation with the men and...
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The Latvian Authorized Automobile Dealers Association's Member of the Council Andris Kulbergs is not surprised at the number of cars repossessed by car dealers. He believes that even more than 600 cars could be repossessed each month. "All the dealers are teetering on the edge of an abyss," said Kulbergs.
However, the leasing companies inform that the number of repossessed cars has stabilized,...
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CHESHIRE TOWNSHIP -- An Allegan County man is charged with six counts of attempted murder after he allegedly shot at repossession agents who were taking his pickup Thursday morning, police said.
Frederick Joseph Harris Jr., 48, was arraigned Friday on the felony charges that could land him in prison for life if convicted.
Harris called police himself after the 2 a.m. Thursday incident...
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A vehicle repossession on Little Valley Road could have gone better Monday.
Two employees of a Lacey company pulled into a driveway and chained up a Chevy Blazer. They planned to quickly pull it away from the house, then hook it better for the long haul.
They didn’t realize the owner had jumped in the Blazer. He put the key in the ignition and started it so he could get a CD and other...
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Here, we suppose, is a good example of how our Washington lawmakers seem to have such a hard time balancing budgets, controlling spending and making plans for the future that actually have some basis in fiscal reality.
Cash for Clunkers was funded with $1 billion. The best guess in Washington was that the money would hold out until the leaves had all fallen from the trees, football season was...
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ONTARIO -- Dale Lewis worked his last day at the local General Motors Corp. plant Aug. 1.
This month he started his own towing business, A & P Towing.
"I always thought about getting into this," said Lewis, 45, a former production employee for almost 25 years who worked as a skilled laborer. "I'm jumping in with both feet."
At the Mansfield/Ontario Metal Center, Lewis maintained and...
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Auto dealers have been getting a helping hand from the government recently. Now there's a bailout plan for consumers left in the lurch by a dealership's...
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When the gray Chevrolet 3500 pulls out of a Beckman Road driveway, the driver is on a mission: He plans to return with another vehicle in tow.
In all likelihood, he'll arrive at an address, effortlessly lower the towing equipment on the back of his truck and drive off within a minute or two.
The driver is a vehicle repossessor working for Lodi-based Accurate Adjustments. He often works at...
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President Barack Obama, Vice President Joe Biden and other administration officials took to separate stages nationwide Wednesday to announce $2.4 billion in federal grants to develop next-generation electric vehicles and batteries.
It was dramatic way for the president's team to jump start the biggest bet yet on a future free from -- or at least far less dependent on -- fossil fuels. Biden...
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A San Juan Capistrano resident told police that a repo man had broken into a garage to repossess the resident's vehicle. The resident got in the vehicle and called police. The repo man eventually left.
The incident was reported at 9:18 p.m....
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Business for the nation’s top recovery agents (better known as “repo men”) is booming. It has gotten to the point that some of them are feeling downright uncomfortable about their own...
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A chase by Aurora police and Kane County sheriff's deputies led to several charges against a 35-year-old Aurora man at 9 p.m. Tuesday, Aurora police said.
Gregory Huston, of the 1400 block of Jericho Circle, was charged with felony concealment of collateral to avoid repossession and misdemeanor counts of aggravated assault, reckless driving, and no insurance, police said.
Aurora police...
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CHARLOTTE, N.C. -- A local repo man said he was shot at for just doing his job.Ken Lock said he was issuing a warning of repossession on Todd Road in west Charlotte on Wednesday.He said as he was trying to leave when a woman from the home came out a started shooting at him.She missed him, but hit his car, blowing out his two back tires.Police said they have charged Mackenzie Cooperwood on two...
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The repossession business got a whole lot scarier Wednesday morning in the Town of...
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A repossession man miraculously escaped serious injury this morning when he was shot four times by a masked gunman on the city’s west side.
Two bullets grazed the 41-year-old Brownstown Township man’s head, and one hit him in the chest, Detroit Police 2nd Deputy Chief John Roach said. He was in temporary serious condition at an area hospital and expected to make a full recovery, Roach...
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ATLANTA -- Keith Lipscomb says he is a repo man, repossessing vehicles from people who stopped making payments.Police say Lipscomb is a car thief who used a tow truck and phony repossession papers to steal those cars.On Sunday, police arrested Lipscomb on auto theft charges. A judge set his bond at $100,000 during a court appearance on Monday.Lipscomb towed away Ericka King's Cadillac Escalade...
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Bandar Seri Begawan - Think twice before agreeing to become a guarantor for anyone applying for a car loan.
This word of advice came from a guarantor who was forced to continue monthly repayments for a vehicle that had been auctioned off after her "friend" had stopped making repayments for the loan.
Finance companies insist that it is their "legal right" to put the repossessed vehicle up...
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WICHITA — A woman upset that her car was being repossessed Tuesday afternoon climbed into the car, struck the repo man with it and then drove off, police said.
The incident happened at about 6:45 p.m. Tuesday in the 2200 block of North Minnesota, police said. A 37-year-old man said he was about to have a black 2001 Grand Prix removed with a tow truck when the 34-year-old woman who owns it...
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Consumers are taking advantage of the Cash for Clunkers program and stimulating some economic growth, but some worry the bubble will burst if buyers can't make the payments.
With the Cash for Clunkers program quickly reaching $1.5 billion in vouchers last week and being declared "wildly successful" by the federal government, experts say the program is great for the short term.
But will all...
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WYOMING - The neighbor appeared on her front porch in Wyoming as a winch dragged a sport utility vehicle up the angled bed of a rollback truck in her driveway.
"Is my van in the way?" she innocently asked Bob Sheridan, owner of D&S Auto Sales Inc., in Scranton. "Would you move it for me?"
Sheridan took the keys and quickly moved the van, clearing more space in the driveway for two of...
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Sutter County jurors Thursday found Yuba City school teacher Alena Jones guilty of assaulting a repossession agent with a gun and threatening him, both felonies.
Jones, who taught at Andros Karperos Middle School for five years, left Judge Brian Aronson's courtroom in tears.
"How could people make a mistake like that? This is my life," she said.
Jurors deliberated three hours.
Jones...
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Brownsville police have arrested a local man who pointed a shotgun at two repo men, who were just doing their jobs, said police spokesman Lt. Orlando Rodriguez.
Antonio Meza Jr., 53, was arrested Wednesday at approximately 11 a.m. and then charged with two counts of aggravated assault with a deadly weapon, Rodriguez said.
On Thursday morning, Meza went before a municipal judge who set...
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[...] MANAGE – Do you do this? ... Continue »
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Looking for repossesed Touring Harley... Continue »
My husband and I have recently and FINALLY aquired insurance for our repo business, like you all, we found it very frustrating starting this... Continue »
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