Archive for April 2019
7 Insurance Requirements for Heavy Equipment Repossession
Proper insurance coverage is critical when it comes to repossessing heavy equipment collateral such as trailers, dozers, trucks, and related vehicles in construction, farming, and transportation. As one of the leading nationwide equipment repossession companies, the suggested coverage and amounts are more than sufficient to cover any situation. In the case that a heavy equipment…
Read More5 Credit Union Repossession Strategies
There are many variations to repossession strategies but the one that generally gets the best auto recovery results for credit unions has 5 simple elements. Multiple repo agents or repossession management firms (forwarders) Relatively short assignment durations Multiple rotations for pre-charge off and post charge off Frequent and transparent scorecards A process for rewarding and…
Read MorePersonal Property Handling Fees – Survey of Lender Practices
Powered by: Resolvion We recently asked over 3000 auto finance professionals to participate in a survey that covered the scope of personal property handling which is a popular topic in the repossession industry. As a leading national repossession management and skip trace company, we wanted to provide insightful industry data that can be used…
Read MoreWho Are The Real Bad Guys; Banks, Forwarders, or Agents?
Article from: CU Collector Written by: Jeremy Cross International Recovery Systems As we all know the state of the repossession industry has changed drastically in the last few years. What was once a very lucrative industry for all who ran their businesses well has become one of distrust and infighting that is seeing costs…
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