ARA – Impound Handling Update with Bridgecrest

ARA is pleased to share that we have been in productive discussions with the Bridgecrest management team regarding the handling of impounded vehicles. As a result of these conversations, we have learned that Bridgecrest’s stance is that when a vehicle is assigned to a repossession agent and is identified as being in impound, the assignment will be reclassified as an impound. However, the original repossession agency will retain the assignment and be compensated at the full repossession rate.

ARA views this development as a positive step forward in our ongoing collaboration. While we believe there is still room for further progress on this matter, this agreement represents a meaningful example of effective partnership and problem-solving. It is the model of cooperation we hope others in the industry will follow.

With sincere appreciation,

The ARA Board of Directors

Related Articles:

Do Not Be Bullied Into Signing Chase’s Contract!

When Silence Is Not an Option: ARA’s Position on the Chase Contract

ARA’s Stand Against Backdoor Practices

Update from the ARA and CoPart Meeting

ABOUT AMERICAN RECOVERY ASSOCIATION
Originally chartered on July 22, 1965, and located in Dallas, Texas, American Recovery Association (ARA) is a membership organization made up of more than 260 repossession business owners providing service from more than 500 locations to more than 27,000 national and international cities. As the world’s largest association of recovery professionals, ARA strives to be a leader and advocate for the recovery industry by providing member support, education, and certifications; fostering relationships between the lending community and repossession agents; and hosting the annual three-day North American Repossessors Summit (NARS) – the largest repossession conference in the industry. For more information, go to repo.org or call (972) 755-4755.