ZipRecruiter

Log In

1

Repossession In Jobs in Chicago, IL (NOW HIRING)

CFS

Collections Specialist

Itasca, IL

$18 - $24.25/hr

Background in commercial collections, equipment finance, or transportation industries * Exposure to repossession or legal escalation processes What We're Looking For * Strong communicator and people ...

CFS

Collections Specialist

Itasca, IL

$18 - $24.25/hr

Background in commercial collections, equipment finance, or transportation industries * Exposure to repossession or legal escalation processes What We're Looking For * Strong communicator and people ...

next page

Showing results 1-20

All JobsRepossession In JobsRepossession In Jobs in Chicago, IL

Repossession In information

How badly does a repossession affect you?

A repossession can negatively impact your credit score, making it more difficult to obtain loans or credit in the future. It may also lead to additional financial obligations and can stay on your credit report for up to seven years, affecting your ability to secure housing or employment that requires credit checks. Repossession specialists often review credit reports and financial history as part of their job responsibilities.

What is the 3 month rule for jobs?

The 3 month rule in repossession jobs typically refers to a probation or trial period lasting three months, during which an employee's performance and suitability are evaluated before permanent employment is confirmed. This period allows employers to assess skills such as attention to detail and decision-making in the field of asset recovery. It is common for job roles in repossession to include training and supervision during this initial phase.

How do repo workers get paid?

Repossession workers are typically paid either hourly wages or a flat fee per successful recovery. Some may also receive commissions or bonuses based on the number of vehicles recovered, and payment structures can vary depending on the employer or contract terms. They often work in environments requiring knowledge of legal procedures and safety protocols.

What is the law on repossession?

Repossession professionals must follow laws that regulate the process, including providing proper notice to the borrower and conducting the repossession without breaching peace. Laws vary by jurisdiction but generally require adherence to specific procedures to ensure the repossession is lawful and enforceable. Understanding local regulations and maintaining proper documentation are essential for repossession agents to operate legally.

What is the difference between Repossession In vs Repossession Agent?

AspectRepossession InRepossession Agent
Primary RoleManaging the process of repossessing assets after initial collection effortsLocating, recovering, and returning assets from defaulted borrowers
CredentialsOften requires knowledge of legal procedures and sometimes licensingRequires knowledge of repossession laws, sometimes licensing or certification
Work EnvironmentOffice-based with field visits for legal or administrative tasksPrimarily fieldwork, visiting locations to recover assets
Industry UsageUsed in finance, leasing, and loan recovery sectorsCommonly used in auto, equipment, and property repossession sectors

In summary, Repossession In focuses on managing the legal and administrative aspects of repossession, often involving legal procedures, while Repossession Agent is more hands-on, physically locating and recovering assets. Both roles are essential in the repossession process but differ in responsibilities and work environment.

What are popular job titles related to Repossession In jobs in Chicago, IL? For Repossession In jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Repossession In jobs in Chicago, IL look for? The top searched job categories for Repossession In jobs in Chicago, IL are:
Repossession In jobs near you

Repossession Agent

DONE RITE RECOVERY RECOVERY SERVICES INC

Lansing, IL • On-site

$80K - $100K/yr

Full-time

Posted 14 days ago

Job description

About the Role:
Join DONE RITE RECOVERY SERVICES INC as a Repossession Agent in Lansing, IL, where you will play a crucial role in asset recovery. Be part of a dedicated team that values integrity and professionalism in every recovery operation.

Responsibilities:
  • Conduct field repossessions of vehicles and other assets in a timely and efficient manner
  • Maintain accurate records of all repossession activities and documentation
  • Communicate effectively with clients and customers regarding the repossession process
  • Ensure compliance with all local and state regulations related to repossession
  • Collaborate with team members to optimize recovery strategies and processes
  • Perform thorough inspections of repossessed assets
  • Participate in ongoing training and development to enhance skills and knowledge
Requirements:
  • Previous experience in repossession, or related field preferred
  • Valid driver's license with a clean driving record MIN 23 YRS OLD 
  • Strong communication and negotiation skills
  • Ability to work independently and handle challenging situations
  • Familiarity with local laws and regulations regarding repossession
  • Excellent time management and organizational skills
  • Must pass background check and drug screening
About Us:
DONE RITE RECOVERY SERVICES INC has been a trusted name in recovery services for over 25 years. Our commitment to exceptional service and ethical practices has earned us a loyal customer base and a supportive work environment where employees thrive.