As demanded by Gene A. Wheeler, ADESA Sr. Corporate Counsel, CUCollector would like to publish the following statement.
“CUCollector would like to issue a statement correcting our error to all of the subscribers to which the original “editorial”, “A Letter to the Forwarders from Bill Alvarez”, was sent.
Also as demanded by PAR, CUCollector has retracted this “editorial.
CUCollector understands that our failure to comply with this request will lead PAR to examine their legal options, including the filing of a lawsuit for injunctive and monetary relief.
CUCollector would like to also state, that as a long time client of ADESA in my capacity as a lender, I had never had any prior problems with ADESA, nor to my knowledge has ADESA had any with me, and I had always previously held them in high regard.”
All I can say is that a forceful retraction and threatening legal action based on an editorial speaks volumes. I find it very distasteful that a corporation of this magnitude would choose to respond in this fashion rather than issuing a public statement, a response, a defense. Instead, Adesa/Par’s censorship action seems to validate the editorial more than anything else. But that’s just my first thought.
I hadn’t actually read Bill’s letter.
I saw the retraction notice and managed to get a copy.
Interesting that a simple letter explaining how the contractor prefers not to work for the ‘forwarder’ would rate legal action to suppress.
But know this…
It remains illegal for Forwarding companies that are not licensed in FL to solicit FL repossession accounts and hire companies to do the work.
As Bill pointed out – that activity is now a felony for a second offense.
As for case history. RS was cited and fined for unlicensed activity in FL some years ago. The division of licensing back off in the face of RS’ legal team… but in the end they did get fined and paid the fine.
The supporting documents on that case are still available on line.
Go to my Dan’s blog on Repoman.com – find the ‘Forwarders Servicing Florida’ article or simply google this phrase:
‘Recovery Agencies when working under the control and guidance of an unlicensed forwarding company’
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As to Bill’s points that working with a forwarding company is a losing proposition for repo companies and lenders alike…. I fail to see why something so obvious would need to be squelched.
Speak the truth……and this is what happens
I HAVE ALSO SEEN AND READ BILLS LETTER AND IT IS RIGHT ON THE $$$$ I WOULD NEVER WORK FOR PAR THEY JUST SIGNED UP ACA WHO WAS USING AGENTS DIRECT WE WERE GETTING 375 FROM ACA WITH PAR WE WOULD OF BEEN DROPPED TO 275-250 A CAR NO THANKS THERE’S ENOUGH RATE CUTTING GOING ON THE THE FORWARDING BUSINESS AND ITS BS…….WAKE UP AND SAY …..NO!!!!!!!!!!!!