Do Not Be Bullied Into Signing Chase’s Contract!

To Our Valued ARA Members,

As we continue to navigate an increasingly complex industry, I urge every one of you to take a moment and pay close attention to the contracts being presented to you, especially from lenders and forwarders.

If a representative tells you, “Don’t worry about what the contract says, we’re not enforcing that part,” or, “That’s just boilerplate language,” please understand: what’s written in that contract is what you will be held accountable to, no matter what is said verbally.

If the language in any agreement contradicts what is being promised, do not sign it without first consulting an attorney.

The terms of the contract, not the conversation, will determine your liability, obligations, and potential exposure. No matter how trusted the relationship may feel, the written agreement is the binding legal document.

Protect yourself. Protect your business. And above all, remember: if it’s in writing, it matters.

With respect and in unity,

Vaughn Clemmons

President, American Recovery Association

Related Articles:

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.