services provided
Automobile Recovery
Vehicle location: The auto recovery service may use various methods to locate a repossessed vehicle, such as GPS tracking, surveillance, or skip tracing.
Repossession: Once the vehicle is located, the auto recovery service will take possession of it on behalf of the lender. This may involve towing or driving the vehicle to a secure storage facility.
Vehicle assessment: The auto recovery service may conduct an initial assessment of the vehicle to determine its current condition and value.
Documentation: The auto recovery service will provide detailed documentation of the repossession, including the date, time, and location of the repossession, as well as any damage or missing items on the vehicle.
Vehicle transportation: The auto recovery service may transport the repossessed vehicle to a destination specified by the lender, such as an auction site or dealership.
Remarketing: The auto recovery service may assist the lender in selling the repossessed vehicle through auctions, private sales, or other means.
Legal compliance: The auto recovery service will ensure that all repossession activities are carried out in compliance with applicable laws and regulations, such as the Fair Debt Collection Practices Act (FDCPA) and the Uniform Commercial Code (UCC).
Skip Tracing and Field Investigations
Skip tracing and field investigation are essential tools for auto recovery companies, as they can significantly improve their ability to locate and recover vehicles. Here are some benefits of these services:
- Increased Efficiency: Skip tracing and field investigation can help auto recovery companies locate vehicles faster, reducing the time and resources needed to recover assets. This allows recovery agents to recover more vehicles in less time, improving overall efficiency.
- Enhanced Recovery Rates: Skip tracing and field investigation can help recovery companies find vehicles that may have been difficult to locate otherwise, resulting in higher recovery rates. This can translate into increased revenue and profits for the company.
- Improved Compliance: Skip tracing and field investigation services can help recovery companies ensure compliance with legal and regulatory requirements, such as the Fair Debt Collection Practices Act and state-specific laws related to repossession. This helps to reduce the risk of legal and financial penalties associated with non-compliance.
- Better Risk Management: Skip tracing and field investigation can help recovery companies assess the risks associated with recovering a particular asset, such as the potential for violence or damage to the vehicle. This allows them to make informed decisions and take appropriate safety measures to reduce risk.
- Competitive Advantage: Auto recovery companies that offer skip tracing and field investigation services can differentiate themselves from competitors, potentially attracting more business from lenders and finance companies.
Skip tracing and field investigation are valuable services for auto recovery companies, helping them locate and recover vehicles efficiently, improve recovery rates, ensure compliance, manage risk, and gain a competitive advantage. Please ask for rates!
