The $500 Repo Fee – Revisited

While the trucks are standing still and the repossession industry is in a holding pattern, waiting and praying for a return to normality, this is a good time for everyone to reconsider their worth and make adjustments to their businesses for a stronger, more professional and profitable future. There is no point in returning to normal if normal is a return to a business model and price structure that is unsustainable, inequitable and unfair to the safety and viability of the. While this is a re-run of a 2017 editorial, it is as relevant now as ever.

Editorial

$500 repo fee. Sounds pretty radical, doesn’t it? Well, really, it’s not. I imagine every one of us has had a father or grandfather who tells us how candy bars used to cost a nickel and gas was a quarter a gallon. Well, they’re usually telling the truth. These changes are reactionary to operational costs of living and operations and fall under a proven thing called (dig this) inflation.