Being a repo man or woman is a challenging but lucrative and rewarding job. As a repo person, you’re responsible for recovering unpaid property from borrowers who can’t repay their credit or loans to the lenders. You may work for various lenders, including credit unions, banks and financial institutions, that may hire you either directly or via a debt collection agency.
In most cases, repossession agents retrieve property such as cars, trucks, motorcycles, boats and other equipment, including televisions and refrigerators. Typically, a lender has the right to repossess property when the borrower defaults on payment, with no need for police or court involvement as long as there’s no breach of peace.