Kent County, MI – September 25, 2012 – It is a slippery slope between repossessing and collecting in the repossession trade. It is this very differentiation between the two that is at the heart of allegations made against a Michigan repo forwarding company, Repocast.com, M&B Recovery, an alleged convicted felon subcontractor and their unfortunate client Grand Rapid Family Credit Union.
Read More!
@Dave Branch, Yes I do and have been licensed in the state of Michigan since it was required in 1980. Perhaps I should be more specific. In order to legally repossess in the State of Michigan you are required to have a collection agency licence. Our licence is geared towards(Collection) agencies not (Repossession) agencies, unfortunately.That being said one does not have to have any training in repossessions to legally repo in Michigan.
I couldn’t help but notice Repocasts contractor M&Js insurance declaration sheet, looks like nothing more than tow insurance, and to my knowledge State Farm does not sell repossession insurance.