How Do You Become A Licensed And Bonded Repossession Agent?
A repossession agent or “repo man” is simply an individual who retakes ownership of a vehicle or other piece of property due to lack of payment. They are usually hired by the bank or company to whom the purchaser owes money for the property. Because of the nature of their work, repossession agents are often unliked and intensely avoided. Although it is an unpleasant business it is also an essential one. In a harsh economy, repossession agents are in high demand. Not only is this profession “recession proof,” it actually thrives in a failing economy. While others are out of work and finding it difficult to pay for their cars, boats, and other expensive toys, competent, qualified repossession agents have plenty of work to keep themselves employed. Step 1 Obtain a CDL license. In some states, you may need a special endorsement to drive a tow truck. Contact your local DMV or Finance Administration Office for more information. Step 2 Determine if you need a special repossession agent licens
