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Repossession Service News You Can Use
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Repossession Service Field Calls
Some lenders have begun insisting their repossession service go to
the debtor's home or work and demand up to date payments. There have
been several law suits against lenders and repossession services
that the courts have determined repossession service field calls are
illegal. Courts have determined that repossession service field
calls are a violation on the Fair Debt Collection practices act.
Some states require that debt collectors hold a separate license to collect debts on behalf of another company. Most repossession services are not licensed to collect debts, they are licensed to repossess collateral. ![]() What's your opinion? Reader Comments: RepoRob Says: Repossession service field calls are a waste of time and it only makes it harder to repossess the collateral once the lender assigns the repossession. The repossession service I work for stopped doing repossession service field calls years ago. |
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