PHOENIX — MBSi Capital, the developers of the Re-Pros and iRepo repossession software suites, rolled out a new program that aims to make such as RISC to provide vendor vetting. MBSi president John ...

A truck locked behind gates on private property is usually off limits to a repo man – but only until he returns with a court order. Professional recovery agent Mark Lacek doesn’t really want to take ...

Recent economic pressures have changed the landscape for how loan defaults will be managed. Lenders and repossession agents now face an even greater threat of legal action from debtors. In contrast to ...

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...

When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...

In the rare case of a death or arrest, the $961 million Frankfort, Ky., credit union with 82,000 members will proceed with repossession under the default clause of the loan contract if no one in the ...

Automakers are looking for ways to protect themselves from defaults as Canada's auto loan delinquency rate rises. Ford Motor Company has recently taken steps to ensure that their vehicles remain in ...

Car repossessions, which are becoming more common after a dip during the COVID-19 pandemic era, have serious financial consequences for lenders and borrowers. Over a million cars were repossessed in ...