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Auto Repossession Business Thrives in Struggling Economy
http://www.ksat.com/news/16853747/detail.html
SAN ANTONIO -- The economy may be struggling, but business is good these days for the repo man.
Prior to the days of rising gasoline prices, Collateral Interception Agency would reposses three to seven vehicles a day. The company is now repossessing six to 12 vehicles a day. Most of the items are gas-guzzling vehicles.
"It's what we have to do. If we don't do it, somebody else is going to do it," said Cindy Medel of CIA.
"No sir, you don't just come and hook up no mother f--- car," said one of the men, who stood in front of the wrecker. "You already know. F--- that man."
The driver, who had already been at the residence before, was ready for trouble.
"I already called the constables. They're on their way," the wrecker driver said.
"I don't give a f--- about no police," the man angrily replied.
The wrecker driver didn't call the law, but another wrecker driver. And between the two, the original wrecker managed to take the SUV away.
In another case, the owner of a vehicle had it parked in the garage when the repossession man came knocking on the door.
"They're peeping through the blinds, but nothing," said an employee of CIA. "They won't open the door."
Other calls are not as problematic, like the time when CIA went to Castroville to take a boat away. They quickly towed it away without anyone watching. The owner, though, changed the boat license plate to that of a Volkswagen Beetle.
Banks and finance companies hire the repo man when consumers don't keep up with their payments.
Each repossession costs about $400.
http://www.ksat.com/news/16853747/detail.html
SAN ANTONIO -- The economy may be struggling, but business is good these days for the repo man.
Prior to the days of rising gasoline prices, Collateral Interception Agency would reposses three to seven vehicles a day. The company is now repossessing six to 12 vehicles a day. Most of the items are gas-guzzling vehicles.
"It's what we have to do. If we don't do it, somebody else is going to do it," said Cindy Medel of CIA.
"No sir, you don't just come and hook up no mother f--- car," said one of the men, who stood in front of the wrecker. "You already know. F--- that man."
The driver, who had already been at the residence before, was ready for trouble.
"I already called the constables. They're on their way," the wrecker driver said.
"I don't give a f--- about no police," the man angrily replied.
The wrecker driver didn't call the law, but another wrecker driver. And between the two, the original wrecker managed to take the SUV away.
In another case, the owner of a vehicle had it parked in the garage when the repossession man came knocking on the door.
"They're peeping through the blinds, but nothing," said an employee of CIA. "They won't open the door."
Other calls are not as problematic, like the time when CIA went to Castroville to take a boat away. They quickly towed it away without anyone watching. The owner, though, changed the boat license plate to that of a Volkswagen Beetle.
Banks and finance companies hire the repo man when consumers don't keep up with their payments.
Each repossession costs about $400.