“There is only One way to get big companies to pay attention and that is to make them pay.”
EDITORIAL
Is it a conflict of interest for the owner of a repossession management software company to run a website for a company counseling borrowers who are either out for repo or who have been repossessed? Would it be a matter of professional treason for that same person to state on that website “There is only One way to get big companies to pay attention and that is to make them pay.”?
Several days ago, a number of screenshots of a website “RW” at Repowatchdog.com were posted on some repossession industry Facebook pages. In addition to showing the home screen of this site, which has since been taken down, also included a screenshot of the domain name owner/registrants, Rob Lovelace and ASP Consultants.
There is however, still an unused forums page on Repowatchdog.com that still shows links to Reposystems and his other company PlateTrax.
Rob Lovelace is also the long time owner and President of Reposystems. A repossession management software company recently tapped as the primary or sole assignment platform for national auto title loan company TitleMax.
Another screen shot, validated through Mantra, connects ASP Consultants to Rob Lovelace. ASP Consultants also shows as a sponsor to the Repowatchdog,com website, which is registered to an address of 9400 N MacArthur Blvd. Suite 124, Irving, TX 75063.
This address goes to a strip mall driving school now. Since I’ve never heard of a repo company or a repossession software management company operating out of a strip mall, I can only assume that this was a mailbox drop when this business was established.
Per bizstanding.com, Rob Lovelace shows as the President of ASP Consultants since July 14, 2009, State ID:801146144.
Please note, this address, 9400 N MacArthur Blvd. Suite 124, Irving, TX 75063, also shows in bizstanding.com as the business address to Reposystems.com, also represented by Rob Lovelace since 1 Jan. 1998.
Reposystems is a repossession management software company soliciting lenders and agents alike and on it website shows an address of 3751 Main Street, Suite 600 PMB 298, The Colony, TX 75056. Coincidentally, this is a UPS mailbox drop.
Since the connections between Reposystems and Repowatchdog.com have been discovered, the website was taken down. It does appear that this is a clear indication that whomever was operating this website suddenly preferred to have it down. The timing and coincidences are all too uncanny.
It appears extremely probable that the Rob Lovelace at each of these businesses is one in the same. The question for all reading this is, what was the motive? Was this company merely trying to use its years of collections and repossession experience to help the public or was this just another repossession lawsuit “puppy mill” that Mr. Lovelace was participating in?
If the latter is true, there is no telling how many lawsuits, if any may have occurred against repossession agencies or lenders. Knowing this, as either a lender or a repo company owner would not make me comfortable.
Is this a conflict of interest? I’ll leave that to you, the readers. But many feel that this, playing both sides of the fence, amounts to a form of professional treason to both Reposystems lenders and agents as well as the industry as a whole.
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