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Press Release
American Recovery Association’s New Member-Owned Company Sets New Benchmark and Standards for the Recovery Industry
DALLAS, Jan. 25, 2012 – American Recovery Association, Inc. (ARA), the world’s largest association of recovery and remarketing professionals, today announced the creation of ARMS (American Recovery Management Solutions), a member-owned contract and billing organization. The assignment facilitation model is focused on bringing the benefits of a direct relationship back to the lender and the recovery agent; while offering the single contact and indemnification benefits that the client wants.
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Presss Release
Over the past several months RSIG has met face to face with several lenders nationwide and many more via teleconference, introducing them to NAMS (National Agency Management Systems LLC) the industry’s leading edge technology solution for today’s lender’s repossession needs.
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Press Release
Many lenders are looking to fund a little deeper credit scores and are getting creative in their financing since the captives are taking most of the A+ borrowers at 0% financing up to 60 months. Lender Systems in Temecula, CA. offers a payment reminder device with GPS tracking that has traditionally worked in the Buy Here, Pay Here arena but more Financial Institutions are looking at the benefits of this technology that is known as the iPAY system.
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With our first full year of reporting on CUCollector, we’ve managed to compile a rather dark collection of stories with many incidents of violence in the field during repossessions. This trend has not gone unnoticed to many of our readers. Many who have personally asked me why I focus on these stories and suggested that the reporting of these is damaging to the repossession industry. As usual, I argue the exact opposite to hold true.
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Editorial
The number one white collar crime in the world today is IDENTITY THEFT. This criminal act has become more prevalent due to the fact that so much data is stored and transferred electronically between the lending institutions and their various vendors. Although the lending institution, complying with data protection laws, may place stringent controls on the protection of this data while in their control there was nothing in place to insure its protection and security when it was passed to outside vendors.
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Rebuttal
There is no professional misstep here – nor is this an attempt to cut corners due to “tough times”. With all respect to you and your readers, you have really missed the mark on this one.
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Editorial
December 23, 2011 – As saturated as the repossession industry is with new and inexperienced repossesors, you would think that the nations largest repossession forwarding company would be having no problems in finding “qualified” or experienced agents in a major metropolitan city. But apparently they must have hit hard times in their abilities as evidenced by this job posting on Craigs List in Louisville, KY.
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If you happen to be a borrower who is behind on your car payments and were curious if your lender or the repossessors will be out repossessing on Christmas, and stumbled across this site and article, sorry, there’s no definitive answer for you. As it turns out, it’s a mixed bag when asking CUCollectors readers of both sides of the repossession equation if they will either be assigning out or repossessing vehicles this Christmas.
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Press Release
Summit Prepares Participants to Adapt to Survive in the Changing Industry
Dallas, TX – November 1, 2011, American Recovery Association, Inc. (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce its premier fourth annual industry event, the North American Repossessors Summit (NARS), is open for registration.
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Chicago, IL – January 25, 2012 – Early Tuesday morning while on the hunt for a repossession in Chicago’s South Side, Repo Man David Johns, Jr. (apparently from Reliable Recovery) didn’t hesitate to respond to the frantic cries of a mother whose babies were trapped inside a burning apartment. John’s rushed inside and beat down the doors of the smoke filled room only to hear the heart wrenching cries of the babies through the smoke.
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Gwinnett County, GA – January 23, 2012 – A repo man was reportedly shot to death by police as he attempted to escape arrest in his repo truck which had earlier been reported as stolen. 24 year old Christopher Kenney was found asleep in the truck which officers had surrounded when he awoke and began ramming the truck at officers who responded with deadly force.
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Editorial
I never knew Jack Barnes. My only experience with him was reading his book "The Repossession Process" many years ago in the 1990’s. I was asked to say a few words about him but I can only reflect on what others knew and felt about him. If a person’s worth as a person is best measured by how they makes others feel about themselves, then Jack was truly a great man because I’ve never heard anything but glowing words about him.
"When we first met, Jack would tell me these stories about himself, and I'd think 'Uh-huh. Yeah, sure,' " said his wife, Brenda Barnes. "But as you got to know him, you began to realize they were all true."
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Huntington Valley, PA – January 12, 2012 – Cheryl Lastella claims in her suit against West Chester, Pa.-based Benchmark Federal Credit Union, Ambler, Pa.-based Sterling Credit Corp. and two defendants named only as John Doe Repo-Service and John Doe Repo-Man that her husband killed himself on June 4, 2010, after suffering from severe anxiety and depression related to his harassment by the defendants.
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January 16, 2012 - It is with a heavy heart that we convey the news of Jack Barnes’s death to you, our valued members and peers. From the family we learned that Jack was enjoying a sunny, pleasant Sunday afternoon ride around his beloved mountaintop on an ATV when an apparent medical emergency occurred.
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Polk County, FL – January 12, 2012 – Repossession industry veteran and publisher of ProRepoNation, John Kilpatrick of Sunbelt Services was involved in a head on collision on State Road 33 around 6:30pm when for unknown reasons, an oncoming vehicle veered into John’s truck killing him on the scene and seriously injuring his two passengers.
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Akron, OH, January 6, 2010 - A 20 year old Shawntrail Smith and his 55 year old mother Jackie Daniels who allegedly held up at gunpoint an Ohio repo man over the repossession of a 2002 Oldsmobile have had charges dismissed by Summit County Common Pleas Court for “insufficient evidence to sustain a robbery conviction.” April Wiesner, a spokesperson for the prosecutor’s office, said Smith’s case was dismissed because the court felt the repo man “had breached the peace when he attempted to repossess Ms. Daniels’ car.”
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Louisville, KY – January 10,2012 – Kentucky Repo man twice arrested for impersonating a police officer has filed two lawsuits against the city of Louisville after the second of his three criminal charges were dropped by the District Attorneys office.
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Crossville, TN – January 9, 2012 — A Cumberland County Tennessee Repo Man was just doing his job when he got punched in the mouth by a woman during his attempt to repossess a vehicle in the northern section of the county last week.
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UPLAND, CA – December 29, 2011 - A man trying to repossess a vehicle became the victim of a carjacking when the vehicle's owners confronted him and stole his tow truck.
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