Image courtesy of diaper
Have you seen this show? It's a "reality" show on Tru TV about a company that repossesses vehicles in California's San Fernando Valley. I watched the marathon one Friday night and it seems like each repossession started and ended the same way.
When the repo team pulls up to the vehicle, three things usually happen:
- The debtor usually says that it's a mistake and the account is current. To the repo companies credit, they usually ask for some sort of receipt to verify the person made the payment before they take the vehicle. Strangely, the customer is not usually able to produce any verification of payment.
- The customer gets angry and/or wants to fight the repo team. How can you get angry when you know you haven't made your car payment? What some people fail to realize is that you do not own the car until you have paid the finance company in full. As long as the finance company holds the title or has a lien on your vehicle, they are the rightful owner.
- The repo company usually gets the vehicle. The repo company is paid by the lienholder to bring the vehicle back to them and they are usually successful.
It's sad to say that the show is almost like a comedy. There is nothing funny about someone losing their vehicle but the setup of the show is just hilarious. It almost makes you wonder whether or not the show is real.