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Repossession Service News You Can Use
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Repossession MoratoriumsMost repossession service companies have a moratorium on repossessions during the week of Christmas. Does this mean that you can't repossess any vehicles during the repossession moratorium?Most repossession service companies stop all repossession activity the day before Christmas and resume repossession activity the day after Christmas. It would be incredibly bad public relations if your repossession service repossessed a car that was full of the grandchildren's Christmas gifts. ![]() Most banks do not want to be associated with this sort of "Scrooge like" bad publicity. Banks spend millions of dollars in advertising to improve their image. One news story of how they repossessed the family car and the children's Christmas presents would be devastating to any corporate image. If you have buy here, pay here car lots as customers of your repossession service, they may chose to not afford their debtor's any respite during the Christmas holiday. It is always best to check with each customer and see how they want their repossession assignments handled during the holidays. ![]() If there is a specific repossession assignment that one of your lenders would like you to repossess on Christmas, they should put that in writing so that there is no confusion as to how the lender wants that repossession assignment handled. What's your opinion? Reader Comments: |
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