Comments on: Repo Man Might Face Extinction in the Future: Repossession Agents Under Fire! http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/ A Magazine for Private Investigators and other Investigation Professionals Mon, 21 May 2012 18:37:40 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Christopher http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-713 Christopher Sun, 21 Aug 2011 03:03:19 +0000 http://pursuitmag.com/?p=12385#comment-713 Just read Rob's post and I have to say he's dead on!!!! Just read Rob’s post and I have to say he’s dead on!!!!

]]> By: Christopher http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-712 Christopher Sun, 21 Aug 2011 02:56:43 +0000 http://pursuitmag.com/?p=12385#comment-712 I don't know where to begin other then ther will always be a repo man!!! I've been doing it for a lil while with my child hood friend that has 10 quick picks (there all new trucks with tv'2 back up cameras stereo systems there pimped) and what I'm trying to say is we get cars...this idiot that thinks ford or gmac should have to go to court who does 100's of thousands of loans in one month to get there property back is ridiculous, I don't know where he lives but just not possible for any court system to handle that, I think people need to stop watching tv about fake repo shows for entertainment that are fake!!!!!! Come ride with us none of that bs happens ever,could you imagine how big of a police force your town would have to be able to handle recovering property from people that are defaulting on there loans,it would have to be massive!! Who pays for that? More taxes to who us? They already take 220.00 a week from me so all I can say after that is, if you get a loan for a vehicle u better make sure you can afford it because if not and you live in any of the 4 county's near me and your with my lender I will get your vehicle,, I don’t know where to begin other then ther will always be a repo man!!! I’ve been doing it for a lil while with my child hood friend that has 10 quick picks (there all new trucks with tv’2 back up cameras stereo systems there pimped) and what I’m trying to say is we get cars…this idiot that thinks ford or gmac should have to go to court who does 100′s of thousands of loans in one month to get there property back is ridiculous, I don’t know where he lives but just not possible for any court system to handle that, I think people need to stop watching tv about fake repo shows for entertainment that are fake!!!!!! Come ride with us none of that bs happens ever,could you imagine how big of a police force your town would have to be able to handle recovering property from people that are defaulting on there loans,it would have to be massive!! Who pays for that? More taxes to who us? They already take 220.00 a week from me so all I can say after that is, if you get a loan for a vehicle u better make sure you can afford it because if not and you live in any of the 4 county’s near me and your with my lender I will get your vehicle,,

]]> By: Will http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-711 Will Sun, 07 Aug 2011 17:44:50 +0000 http://pursuitmag.com/?p=12385#comment-711 Its funny reading a article posted by someone who has no clue to how things work in the article they are writing about! I own a repossession agency and if I was as miss informed as this person is I would be out of work. Hey maybe before you write something you don't know about come ride with a lagitamit Repo company and stop watching the tv show. (You have my email were I posted I would be more than glad to show you how its done). And another thing. EVERYONE has a expiration date and no one knows when its coming. Its funny reading a article posted by someone who has no clue to how things work in the article they are writing about! I own a repossession agency and if I was as miss informed as this person is I would be out of work. Hey maybe before you write something you don’t know about come ride with a lagitamit Repo company and stop watching the tv show. (You have my email were I posted I would be more than glad to show you how its done).

And another thing. EVERYONE has a expiration date and no one knows when its coming.

]]> By: MSink http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-710 MSink Sun, 07 Aug 2011 15:14:05 +0000 http://pursuitmag.com/?p=12385#comment-710 I work for a repo company in Virginia and I have not once seen a debtor to be out of line to the point of being a problem. All debtors have always said something along the lines of thank you. And the local police dont want this sort of thing to deal with believe me I know they come by our lot and hang out all the time. I work for a repo company in Virginia and I have not once seen a debtor to be out of line to the point of being a problem. All debtors have always said something along the lines of thank you. And the local police dont want this sort of thing to deal with believe me I know they come by our lot and hang out all the time.

]]> By: Rob http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-709 Rob Fri, 22 Jul 2011 16:44:01 +0000 http://pursuitmag.com/?p=12385#comment-709 There goes liberal America again , get a life , the private sector does a great job performing auto repossessions ! So you are suggesting that the over-burden police departments perform this task at tax-payer expense , most of you so called activist are scorn by some hidden agenda in your life ..... Big government isn't the solution , it's the Problem . ......Ronald Reagan was quoted . Wake up America it's this communist theory has gotten this country where it is today because of scorned liberals lime the ones who are in favor of this crap . There goes liberal America again , get a life , the private sector does a great job performing auto repossessions !
So you are suggesting that the over-burden police departments perform this task at tax-payer expense , most of you so called activist are scorn by some hidden agenda in your life ….. Big government isn’t the solution , it’s the Problem . ……Ronald Reagan was quoted . Wake up America it’s this communist theory has gotten this country where it is today because of scorned liberals lime the ones who are in favor of this crap .

]]> By: RJ http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-708 RJ Wed, 07 Jul 2010 13:02:05 +0000 http://pursuitmag.com/?p=12385#comment-708 In Illinois, even the mom and pop car lots, also known as buy here pay here dealers, are no longer allowed to repo, unless they have an MC number from the Illinois Commerce Commission. In Illinois, even the mom and pop car lots, also known as buy here pay here dealers, are no longer allowed to repo, unless they have an MC number from the Illinois Commerce Commission.

]]> By: tlw http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-707 tlw Tue, 23 Mar 2010 19:59:27 +0000 http://pursuitmag.com/?p=12385#comment-707 The state of LA tried for many years to require all repossessions to be done by law enforcement. However, lender fustration led to the enactment of self-help laws there in 2005. Law enforcement has many talents but the ability to find autos when people intentionally try to hide them and avoid paying for them is not one of their skills. They have a hard enough time trying to serve them with notices for court dates and suits. If the states want to make it harder for people with less than perfect credit to continue buying vehicles the enactment of laws requiring repos to go thru the court system is a sure way to do it. The additional cost in both money and depreciation due to the amount of time required to do a repo thru the court system would have many second chance lenders pull out of the market. Even the more reputable tote the note lots would think twice about continuing to carry notes if forced to go thru the court system every time a customer defaults. The state of LA tried for many years to require all repossessions to be done by law enforcement. However, lender fustration led to the enactment of self-help laws there in 2005. Law enforcement has many talents but the ability to find autos when people intentionally try to hide them and avoid paying for them is not one of their skills. They have a hard enough time trying to serve them with notices for court dates and suits.
If the states want to make it harder for people with less than perfect credit to continue buying vehicles the enactment of laws requiring repos to go thru the court system is a sure way to do it. The additional cost in both money and depreciation due to the amount of time required to do a repo thru the court system would have many second chance lenders pull out of the market. Even the more reputable tote the note lots would think twice about continuing to carry notes if forced to go thru the court system every time a customer defaults.

]]> By: E. M. Pate http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-706 E. M. Pate Tue, 23 Mar 2010 16:16:56 +0000 http://pursuitmag.com/?p=12385#comment-706 OK Ms. Shahan, go ahead and push for legislation. Do you know how many THOUSANDS of vehicles are repossesed each year? Do you have any idea how backed up the court system would be with Replevin/Claim and Delivery actions? Do you have any idea how many extra Sheriff Deputies would be required to perform such an operation? Do you have any idea how much our taxes would go up to fund this adventure? Do you have any idea how much this would increase interest rates on vehicle funding? The average cost to bring a case to court runs in the thousands, the lenders would pass it along to the consumers. The incidents cited, while way out of line, are a very small percentage of the total process. The best way to cure it is require licensing and weed out the Operation Repo people out there. OK Ms. Shahan, go ahead and push for legislation. Do you know how many THOUSANDS of vehicles are repossesed each year? Do you have any idea how backed up the court system would be with Replevin/Claim and Delivery actions? Do you have any idea how many extra Sheriff Deputies would be required to perform such an operation? Do you have any idea how much our taxes would go up to fund this adventure? Do you have any idea how much this would increase interest rates on vehicle funding? The average cost to bring a case to court runs in the thousands, the lenders would pass it along to the consumers. The incidents cited, while way out of line, are a very small percentage of the total process. The best way to cure it is require licensing and weed out the Operation Repo people out there.

]]> By: Kenny http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-705 Kenny Mon, 22 Mar 2010 12:52:39 +0000 http://pursuitmag.com/?p=12385#comment-705 The police deal with people breaking the law. If there is replevin then they must see on the side of the leinholder because a judge made a decision. If the field agent breaks law he gets police attention. Keeping and not paying is breaking law. Teaching someone to operate a tow truck isn't the same as teaching one to interact with the consumer. If people involved with repossession conduct themselves as they do on television then yes they belong in jail. The police deal with people breaking the law. If there is replevin then they must see on the side of the leinholder because a judge made a decision. If the field agent breaks law he gets police attention. Keeping and not paying is breaking law.
Teaching someone to operate a tow truck isn’t the same as teaching one to interact with the consumer. If people involved with repossession conduct themselves as they do on television then yes they belong in jail.

]]> By: investigator407 http://pursuitmag.com/repo-man-might-face-extinction-in-the-future-repossession-agents-under-fire/#comment-704 investigator407 Sun, 21 Mar 2010 17:40:51 +0000 http://pursuitmag.com/?p=12385#comment-704 I do not work in the industry, nor will I attempt to offer solutions to something I know nothing about. But, I would assume that there exist some professional malfeasence among probably a very small number of those doing this kind of work, and it reflects on those who are doing the right thing and geeting the job done professionally. If states and advocacy groups feel it is a necessity, then persons who work the industry, can and should be licensed as "asset recovery agents" in the states they operate. Maybe there also needs to be some sort of national association to deal with and advocate the issues concerning asset recovery agents, offer professional education and maybe certification, if one dose'nt exist already. I just feel that leaving this kind of work to law enforcement, is wasting taxpayers money, and wasting officer manpower. Municipalities would probably be very resistant to the idea in detailing asset recovery to their law enforcement agencies. Additionally, no police officer I know, wants to do any kind of asset recovery. I would imagine this kind of detail, in most cases, is more dangerous than domestic disputes. I do not work in the industry, nor will I attempt to offer solutions to something I know nothing about. But, I would assume that there exist some professional malfeasence among probably a very small number of those doing this kind of work, and it reflects on those who are doing the right thing and geeting the job done professionally. If states and advocacy groups feel it is a necessity, then persons who work the industry, can and should be licensed as “asset recovery agents” in the states they operate. Maybe there also needs to be some sort of national association to deal with and advocate the issues concerning asset recovery agents, offer professional education and maybe certification, if one dose’nt exist already. I just feel that leaving this kind of work to law enforcement, is wasting taxpayers money, and wasting officer manpower. Municipalities would probably be very resistant to the idea in detailing asset recovery to their law enforcement agencies. Additionally, no police officer I know, wants to do any kind of asset recovery. I would imagine this kind of detail, in most cases, is more dangerous than domestic disputes.

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