The IRE website will be unavailable while we complete routine maintenance on Friday, October 15 from 8-10 am CT.
IRE favicon

Repossession business booms as economy struggles

The current credit crisis and rising fuel costs mean an increase in business for repo men according to a report by Jaweed Kaleem in The Miami Herald. For National Liquidators, a boat repossessor and auctioneer, "business has tripled in the last 18 months as higher maintenance fees, fuel and docking costs -- as well as the real-estate crisis -- have put boat owners behind on payments." A similar increase can be seen in the repo business for other luxury items, such as cars and SUVs.

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   info@ire.org   |   Privacy Policy
crossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram