Secure Collateral Management to offer Positive Resolution “Cure” fees

Press Release

Secure Collateral Management (www.secure-cm.com) who recently made news by offering their network of Recovery Agents “Same Day Pay” with zero fees on recovered assignments, announced Thursday, May 02, 2013 its desire to also offer Positive Resolution Fees to their Recovery Agents.

In an unprecedented move, Jim Farley, Principal-CFO, of Secure Collateral Management, emailed the entire network of Recovery Agents seeking their input and suggestions on this new program.

In the email, Mr. Farley states; “Secure CM believes that if an agent knocks on a door or makes contact with a debtor and is unable to repossess the vehicle, but the debtor goes the next day and pays current or pays the vehicle off that there should be a positive resolution fee paid to the agent.”