No Contracts – Our agreement with you the lender, and/or the recovery agent, is always very simple and on a month-to-month basis . We will never “require” your repossession vendors to “pay” for our service. This is why we created “Plan X”. “Plan X” is for your repossession vendors to accept and update accounts assigned to them by you within RepoSystems. (see our next topic “Free Agent Profile”)

Free Agent Profile (“Plan X”) – Although our business model is to receive subscriptions for our service from recovery agents/forwarders and lenders alike, we understand that lenders who choose our service, may not want to mandate their repossession vendors use RepoSystems “subscription/pay for” full-service. Therefore, we designed “Plan X”, where an agent/forwarder can have a “Profile” on RepoSystems to accept orders, update orders and create condition reports, for an account created and assigned by you...free of charge.

At any point, your repossession vendors can upgrade to our economical “subscription/pay for” full service. This will allow them to manage their business more effectively and efficiently, while continuing to provide valuable service to you…their client.

What does this all mean for you…the Lender? It provides you with an efficient and economical way to manage your collateral recovery assignments throughout the Nation…in one centralized application. It also offers your repossession vendors a non-evasive and cost-effective way to manage your accounts. A happy repossession vendor, is usually a successful repossession vendor. A successful repossession vendor will always be a great asset of yours.

Bulk Uploads – For those of you who process large numbers of repossessions, we have created a Bulk Upload utility to import accounts into your RepoSystems profile. You can then process those updates on a regular basis, saving you considerable amounts of time.

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