Finance, Credit and Repossession Information Resource

Nationwide New Car Sales is Way Up and Perhaps Repossessions will Jump Higher Soon

According to news reports this week, automobile sales have risen to extreme levels. This jump in new car sales is primarily due to a newly structured finance deal that has been working well to bring sales up and make auto maker happy. Auto manufacturers nearly across the board reported strong April sales gains in the […]

Big Bank Gets Hit with 9 Million in Fines for Taking Military Cars

Come on Santander, repossession 101. Never take active military cars? Either the bank hired agents that had no knowledge of the law but they were in fact cheap. Or Santander felt they were above the law and for that they will pay dearly. They could have allowed the debtors to keep each car for less […]

Agressive Repo and Woman Destroys Car While Being Repossessed

Violence is certainly way up in repo work and it is nothing new that a car gets picked up that has been destroyed by an unhappy debtor but the new trend seems to be to destroy the car while it’s being picked up. The following is a video and article from the South Carolina news […]

Work in Aircraft Repossession for a Living

As spoken about in several articles and many of you have seen the probably not so hit TV show Airplane repo, you will know that contrary to all the fake things the TV show aired, there is allot of truth to much of it as well. Just to be clear coming from a guy who […]

Florida Man Awarded Over a Quarter Million for Problematic Vehicle Repossession

For some reason the agent makes contact with the debtor in order to get the vehicle, it could have been keys, it could have been called in as a voluntary repossession as many times this happens and the debtor has second thoughts after setting the thing up. Sometimes the bank will assume it is voluntary […]

Usually How Many Payments Behind Before Repossession is Assigned

  The repossession department of a bank like Citibank or Bank of America will typically put a repo order out right at around 90 days of delinquency. These departments are on their own away from other banking departments within the bank, usually located at the corporate location of the particular bank you hold the loan […]

Man tries to unhook car that was already repossessed

CONYERS — A Conyers man unhappy with having his car repossessed decided to take matters in his own hands and attempted to unhook his car from the tow truck and try to destroy the evidence by breaking the surveillance camera system, according to the Rockdale County Sheriff’s Office. A Rockdale County Sheriff’s Office deputy was […]

Repossession without having a license to repossess becoming common place

I have been saying for a while now how badly unlicensed repossession would affect this industry, how badly rules would change as populations increased especially in Florida. These days, dealing with cultural and societal differences that seek nothing less than massive short cuts have taken place and aside from all other business, licensing and legal […]

Nevada Man Guilty of Shooting TV Show Crew

LAS VEGAS (AP) — A Nevada judge set bail at $100,000 and a sentencing date for a 43-year-old former schoolteacher jailed after he was found guilty last week in a shooting involving the crew of the reality TV show “Repo Games.” Carlos Enrique Barron returned Tuesday to the Las Vegas courtroom where he was convicted […]

Can a Dealer Repossess a Car Before Registering it

Over the years of being in both liquidations and repossessions I have encountered the problem of needing to repossess a car or vessel before actually titling it for several reasons I will outline below. First off quite often someone makes a car purchase and might be short on the registration fees or the tax money […]