This is the place to ask questions
regarding reposession/recovery to the "Recovery Answer Man".
You can ask questions, then check back in a day or two to read
the questions and answers that have already been posted.
ASK A QUESTION
PREVIOUS QUESTIONS & ANSWERS
Name: Bruce Patterson
City: San Antonio, TX
Question: For repossession service, how do we obtain the bargain but
avoid the inferior service?
Answer: Is shopping for price the best way to select a repossession
service? NO! All men may be created equal under the laws of these United States,
but all men are not created equal in ingenuity, ability, reliability, desire,
expertise, or integrity. Rather than focusing solely on price, in these litigation
crazed times lienholders first concern must be with insurance and other credentials.
Another important consideration should be the repossession agency's success
ratio. As in all things: " You get what you pay for."
Name: Gordon Parnes
City: Greensboro, NC
Question: When does "breach of peace" come into play during
Answer: The right to repossess under UCC-9-503 is allowed only if the
"breach of peace does not result from that action". There is no hard
and fast legal definition for "breach of peace". It is generally considered
disturbing the peace or tranquility, making physical threats, or even bodily
harm. An experienced repossessor will withdraw from contact with a debtor if
he, or anyone else on the scene, becomes angry enough to make the repossessor
feel violence may occur.
Name: Stanley Holmes
City: Dallas, Texas
Question: Should I tell the debtor that we may decide to repossess if
they don't pay current?
Answer: If you make the decision to repossess, do not arm the debtor
with that information. It may not only put the repossessor in physical danger,
but also cause the debtor to hide the collateral, trade cars with a friend,
or even skip town.
Name: Brenda Scott
City: Los Angeles, CA
Question: What is skiptracer and what can they legally do?
Answer: Skiptracing is the specialty of developing information about
debtors for the purpose of locating collateral. Under the Fair Debt Collection
Practices Act, to locate a debtor, a skiptracer can contact anyone, such as
the debtor's employer, neighbors, friends, etc. However, he should not say that
he represents the lender. He is merely "Jim Smith" and he needs to
or is confirming place of employment, telephone number, address, etc. He may
not identify his employer unless he is directly asked to do so. He may never
say that the debtor owes a debt, not even if the debtor's employer or relatives
expressly ask for that information.
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