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 […]

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 […]

Some decent news for repossession companies looking forward

It has been a while since repossessions have truly flourished like they did in the early 2000’s. I can remember the days of repossessing 2 to 3 boats a day or perhaps a large aircraft once or twice a week and getting around 30 high end skip trace jobs per week along with those. Thing […]

False reasons for decline in repossession

I just read an article that none other then CNN wrote stating the repo business is in decline due to the growing economy. This is what they write   People say, ‘Oh you guys must be doing amazing!’” Lennon said. “It’s the total opposite.” Repossession specialists, better known as “repo men,” are suffering a nationwide […]

What is the repossession business or a repoman

Repossession is kind of a sidestreet industry not known to many,  as of the last few years the cable has shown allot more about car repossessions despite the fact that its all garbage and any of those actions will land a newly licensed repoman in jail. To repossess is to take back collateral a car, […]

How I learned about the repossession game

It was several years ago that I was running a high end car dealership. We sold Porsche cars and became the place to go if you wanted a Porsche. 10 years ago the United States was booming, people were buying Porsche as second  and first cars, they were selling right over the phone. In fact […]

Rapper celebrity repossession

Following is a story of how bad the industry is even with reputable repossession companies. It is unfortunate that so many companies decide to try an extort others because they know they can get away with it. We received this case from some celebrity rapper thug.I say thug, because of their actions when we finally […]

Some of the bad element that become repossession agents

The business of repossession has always had a strong allure attracting the tough guy or the bad boy types if you will. It has been very unfortunate to see that while many of us are and remain professional knowing that in order to get large scale banks or finance company contracts we must have the […]

How hard is it to go into the repo business?

Going into the repo business will vary from state to state as far as licensing, insurance and bonding goes. However I will give you a run down of how much it may take to open a repossession business in Florida for starters. Another thing to understand is the repo business varies greatly depending on your […]