CURepossession

Where the repossession industry gets its news

May 2020 “State of the Repossession Industry Survey” – Violence

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It is no surprise, or anything new, that violent encounters with the consumers are a too common risk in the industry. Nationally, 53% of agency owners report that they, their staff or business have been the victims of violent activity in the last 12 months.

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Damage to company vehicles and violent encounters with guns were the most common types of incidents at 17% each by affirmative responses.

As the result of record high unemployment, media frenzy and long periods of consumer isolation 67% of agency owners believe that there will be increases in violence in the field as SIP restrictions loosen and agencies increase repossession volume.

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Introduction

Standard Operations

Staff Levels

Fees

Violence

Forwarders

LPR

Agent Commissions

Conclusion

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