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 would depend on if they want to work for large banks and finance companies, it would depend on if they want to eventually open their own repossession company and to be honest, you can go either route and still make in this field. Working as a repoman for a company that has consistent work can make someone a good living, so if you don’t want to get involved with all the red tape and licensing issues, getting a job within a decent company is a great opportunity. Please be advised that even a repo company hiring will be looking for those certain qualifications that the person seeking the job may think differently of.
Truly a good qualified repossession agent
A good quality repossession agent is someone that is believe it or not professional. Whether working for a repossession company or working on your own as a freelance repoman, professionalism is important. Why is it important? Because you will be dealing with collateral, other peoples money and assets. They will have to know that they can enough trust in you to know you will do the right thing. That you will not start fights or possibly steal, that you will always do the professional thing. Repossession is frowned upon and made a joke of on TV, it is prone to lawsuits and the last thing a company needs is someone that is not professional.
On top of being professional another qualification is being able to put 2 and 2 together and understand directions to the tee, not driving directions but directions that are written on the actual order to be able to follow through without cutting corners. Too many people today want to cut corners, look for loopholes and the easy way. In repossession work there is none of that crap, unless of coarse the work is for some small buy here pay here lot, inconsistent and uncaring of professional work.
Banks don’t want some tough guy
Understanding that fighting is not the way to get repossessions done. No better way to grab a lawsuit for you personally and the company is by fighting. Forget the garbage you hear about, yeah this repoman kicked this guys ass and grabbed the car.
In certain licensed states felons are not allowed to work in repossession. If you are a felon or have a previous felony charge don’t even try to apply for a license, you will get turned down. It the offense was over the amount of time where you can restore your civil rights then restore them first and then apply.
They want someone who is sharp, someone that can probably talk a debtor out of keys, or negotiate a surrender. This business is very psychological and it is important to understand that speaking with debtors in a professional manner is what everyone wants. if things become hostile, someone will be recording or video taping it and the law is typically against the repoman. You will be sued and lose the case.
Also important to remember that an employer later will expect you to update banks and clients. Updating must be done precisely and professionally. Repossession industry pays very well, so being professional is expected, nothing wrong with being able to defend yourself, but not first priority of someone hiring you.