How to Be a Repo Man

So you are wondering how to be a repo man.

Repossession agents, better known as “repo men,” are hired by financial institutions and other lenders to retake ownership of vehicles from debtors who have failed to pay their vehicle debt. Repo men, who can repossess any number of motor vehicles, including cars, boats and trucks, are typically hired when debt collectors are unsuccessful at collecting overdue debt.

Are You Prepared to be a Repo Man?

If you are considering becoming a repo man, the first thing you must know is that you will be the most unpopular person on the street. People generally don’t like repo men, and they don’t like what repo men do for a living. Therefore, a thick skin is a must if you want a career as a repo man.

Second, you must be able to work long hours, long days and weekends, with no exceptions. For those looking for a nine-to-five job, repossessing vehicles should not be on their list of career choices.

Lastly, you must have nerves of steel. A repo man’s job is to essentially “steal” back vehicles from unsuspecting vehicle owners. You, therefore, must have the guts to sneak onto an individual’s property and take the vehicle. This part of the job is not for the faint of heart.

Steps on How to Be a Repo Man

Once you have decided that being a repo man is the career for you, there are several steps you must take to break into the business.  Here is a guide on how to be a repo man:

  • Carefully educate yourself on the repossession laws in your state, as the laws and regulations vary from state to state. Some states require repo men to obtain a state license, while other states require no formal license. Check with your state department for more information on your state’s rules and regulations regarding becoming a repo man.

  • Take a course, if possible, to learn the ins and outs of being a repo man. There are many books and online courses available, and some schools for private investigators also teach classes on vehicle repossession.

  • Call repossession companies in your area to find a job. Although you will not start out repossessing vehicles, you can work as a driver or even a clerk. Being around seasoned professionals and learning the ropes is the best way to become educated about the repossession business.  You can also start to begin developing your network.  It is also the time to discover if the repossession business is really right for you.

  • You may choose to work as an independent contractor, or you may decide to work for a repossession company. Working as an independent contractor for banks and lending institutions may be difficult to break into, as these companies usually use the services of seasoned repo men to handle their jobs. Instead, it is probably best to spend a few years working for a repo company before branching off into your own business.

  • If you are unsure of your decision to become a repo man, don’t hesitate to get advice from a repo man with years of experience. Becoming a repo man can provide you with a lucrative career, although the downsides of the business often scare away most interested individuals.

While learning how to be a repo man may not be difficult, it takes perseverance, networking skills, and thick skin to become a success in the industry.