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What is
a Repo Company?
A
repo
company is the company hired
by a lender or his agent to take
back items that were bought on
credit or were pledged as collateral
for a loan, mortgage, lease, etc.,
from a borrower who has fallen
behind on their payments.
Many
repo companies offer
complete repossession services which
can include skip tracing to locate
customers whose whereabouts are
unknown. After the collateral has
been recovered, most
repo companies
are able to securely store it, as
well as provide clients with
photographs and condition reports.
Some
repossession companies place
the collateral up for auction,
thereby obtaining bids and
consummating the sale of the
collateral, if the client so
desires.
Organizations that utilize
repo companies are primarily lending
institutions, including banks,
savings institutions, finance
companies, credit unions, rental /
leasing companies, and auto, truck,
boat, and equipment dealers.
Some of the many services that the
repossession
agents and repo companies listed on
Quick-Repo.com offer include:
- Repossessions
- Collateral Transportation
- Investigations
- Skip Tracing
- Collections
- Collateral Liquidation
- Secured Storage
- Auctions (Dealer & Public)
- Process Service
- Legal Services
- Vehicle Transportation
- Locksmithing / Key Service
-
Much, much more.
Some
repo companies specialize in
certain 'types' of repossession,
including:
- Airplanes
- Automobiles
- Boats
- Computers
- Construction Equipment
- Credit Card Recovery
- Farm Equipment
- Heavy Equipment
- Industrial Equipment
- Machinery
- Marine Equipment
- Medical Equipment
- Mobile Homes
- Mobile Phones
- Motorcycles
- Office Equipment
- Recreation Vehicles
- Telephones
- Trucks
Learn how to become a repo man
Learn more
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