Greensboro North Carolina Collateral Recovery Services

Involuntary Repossession

Involuntary Repossession is the most common type of service we provide. This type of repossession is needed when the debtor does not plan on returning the collateral back to the lien holder even though they are behind on their payments. In this type of repossession, the element of surprise is a key factor. During involuntary repossession a breach of peace cannot be committed by state laws.

Voluntary Repossession

A Voluntary Repossession is needed when the registered owner of the vehicle or collateral has contacted the lien holder and surrenders the unit on his or her own accord. When this takes place, we simply contact the registered owner and set up an appointment for a wrecker to pick up the unit. These types of repossession are typically much less expensive because they are much easier to recover.

Impound Recovery

An Impound Recovery is when the collateral has been impounded by the city tow company or a private company. Typically, there are fees involved and the repossession company will pay that fee up front, which is called a bail out. The repossession company must be familiar with the process, or he could end up making multiple trips to the impound yard.

Skip Tracing

Skip-tracing is done by collecting as much information as possible about the subject. The information is then analyzed, reduced, and verified. Obtaining new and correct points of contact is crucial. Sometimes the subject's current whereabouts are in the data but are obfuscated by the sheer amount of information or disinformation. More often the data will be used to identify third parties that might know the location of the asset.

Key Cutting Service

The key cutting services we provide are simple. When a vehicle is repossessed many times, the agent is unable to retrieve the key with the unit. Although recovering the key with the unit is the goal in every case, it is not always possible. Because of this having the ability to cut keys on sight is a necessity. We can normally have a key cut the same day for a much lower cost than the local locksmith.

Contact and Field Visit

This service is needed for many reasons and is paramount for any repossession company to be successful. The most common reason a field visit is needed is to conclude an address. Many times the last known address for a debtor is all a lien holder has to go by. Many hours are wasted running an address that is no longer current. Making contact or door knocking is the only true way to conclude the location of the asset.

Transportation

Transport to auction is when a unit has been repossessed and the registered owner is not redeeming the vehicle. Most lien holders send the unit to auction to be sold quickly and at a lower cost. AWI Towing & Recovery offers this service as a solution for the high transport cost.  We work with many auction houses. We can transport to one of your choice as well.

Short- and Long-Term Vehicle Storage

Storage for our clients work two ways, long term and short term. Short term is not to exceed 10 days and is included in the cost of repossession. Sometimes units need to stay longer than ten days, and even up to several months. The reason varies from pending legal action taking place, to waiting for the prime auction market to arrive.

Photo Inspection

This service is provided to our clients when either a unit is reported damaged or unrecoverable. Some vehicles are blocked in or behind a locked gate. When this is the case, the AWI Towing & Recovery takes High-Resolution photos to provide proof the debtor is deliberately preventing the repossession from taking place. The other reason high resolution photos are needed is when a unit is reported as wrecked