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Lots in the news about the HEROES Act before the US Senate. Language in the House bill would have shuttered the repossession industry for 180 days....effectively killing much of the industry. The Repo Alliance is being represented in DC by a very savvy and engaged lobbyist...and Pat and Mike Peplinski talk about that.
There's a handful of people that are known nationwide as skiptracers, and Alex Price is one of those. With his Alabama drawl, Alex draws upon 35+ years as one of the leading skiptracers for the repossession, bail-enforcement, and private investigation industries.
Every few years a new repo-specific truck builder comes along. Mike Farrell and Pat Altes talk trucks, especially the "Lil Hercules", the nearly invisible repo unit.
A law proposed to California's legislature would have help off all repossessions until January 2023....and thus destroying the states repossession industry while also hurting the state's consumers. A bunch of repossessors pulled together a winning team that won the day...and saved their industry.
NAF President Joel Kennedy explains how and why the organization is one of the repossession industry's biggest ally.
Social media influencer Bryanna Cox talks about the Texas ARP, the Repo Alliance, building cooperation in Houston, social media, and a host of other issues.
Mike Peplinski from Harding Brooks talks about unfair indemnification in contract, overreaching insurance requirements, and being on the proverbial hook for the loan payoff on a loss.
Vaughn Clemmons is a seasoned recovery expert from Houston, Texas. He has analyzed his business during the COVID-19 shutdown and has realized that something HAS to change in the repossession industry....or none of us will survive.
It's maintaining the 99% of the performing loans that we find our true value...yet get paid nothing for doing so.
Shane and Pat talk about how the Coronavirus is the catalyst that will demand that the repo industry make changes...the first of which is to document and detail the scope of our services. These changes will show themselves on repossession invoices and in contracts with clients. Finally there is a group of leaders that are discussing how to make this happen...for the survival of the industry,
From the publisher's feed