Finance, Credit and Repossession Information Resource

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 […]

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 […]

A Typical week: Repossessions down the entire East Coast

It was around February and ironically, we had gotten around 6 repossession orders the same day. Not that getting six orders is rare, but these were different, they were all on the east coast up the line. We began working on the orders right away. I personally was in hopes they would all be still […]

Can Police Stop a Repossession in Progress

During the time of repossessions many typically happening in the middle of the night. The neighbors see a strange car snooping around the neighborhood, or even someone walking around by foot to verify a VIN on the dash. The police end up getting a call and show up. Some states such as New York, the […]

Hiding a Yacht from the Repoman

Out of all the repossessions I have done in the day, I would have to say for me personally the most fun has been Yachts. Everything from the search, many times in foreign countries to spotting the yacht, to the actual repossession and later liquidating the yacht for the bank or lender. The thing is […]

Locksmith training for repomen

As a repoman you have two choices, either you get locksmith training or you use one of the locksmiths in the area that you can count on to come to your location on call. However it is even worse then some of the other scenarios that delay repossessions that I have listed here. Becoming one […]

Toys Always Get Repossessed First

After doing repo’s for so many years you begin to realize the chain of events leading up to repossession and what they might let go of first. Allot of times it begins with one asset and ends with another much more personal asset. It’s a kind of the circle of repossession, the business starts losing […]

Repossession business cost more than most think

In repossession there is a ton of things that unless people are actually in the company know little about. Most people think all you need is a truck and an office and you are good to go. While this is true in some cases, it is certainly not true for anyone trying to work for […]

I bought a car from some guy and last night it got repossessed

I wake up this morning and my car is gone so I called the police to tell them its stolen. They advised me it has been repossessed but I told them I have no loans with any bank on the car. This is a scenario that happens often and it can happen a few different […]

Selling a car out of state with the ability to repossess

You decide to sell your car so you put an ad in the local paper, auto trader or some online outlet to sell cars. In many cases, most of the people that call are out of the area, either in another state or slightly closer in another city. People make appointments to come see the […]