Finance, Credit and Repossession Information Resource

As Industries Collapse, Repossessions Will Increase

Recently I was at the auction checking some of the last Lincoln Town cars we will ever see. I ended up buying a couple of them and unknowingly 2 of them were repossessions and both of the previous owners worked in the same housing fields. There are certain industries that will without a doubt collapse […]

Car Repossessions

Car repossessions are the most common, after all just about anyone with any credit can go to a new or used car dealership and drive away with a car. Amazingly around 6 years ago a statistic with one of our clients called Affiliated Financial was quoting that only a figure of around 6% sub-prime cars […]

Can you become a repoman with a felony on your record

Becoming a repoman varies from state to state country to country. I will use a few states that i am very familiar with the licensing laws in order to give you a correct answer in regards to those states. Over the last several years the government has made it so much harder for small business […]

Working as a Spotter in Collections

Some people may not know that there are many different facets that come from working in collections, having a spotter or many spotters in the field is surely an important factor. The collection business can be just doing phone calls and locating people by phone, it can be skip tracing, it can be trying to […]

Will repossessions become more violent?

As cultures continue merging at rates unknown or believed by most, as we spoke about about in a previous article here. We are very concerned with how repossessions will become in the near future. I personally worked in Latin America for many years, South America to be more specific, like other developing nations. While working […]

Qualifications of a Repoman

I will start this off by saying their are probably two different perceptions as to who would better make a good repoman and who seem to make a good repoman but really is not. It will really depend on the goals of the particular person and how far they want to go doing repossessions. It […]