Repo Man Reaping Benefits From Poor Economy - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Repo Man Reaping Benefits From Poor Economy

Brandon Rittiman
Channel 2 News

When money's tight, sometimes bills don't get paid. When people can't make car payments, the repo man comes in.

"They're trying to survive and they're having to cut back on one vehicle or one car payment," says Justin Zane who owns repo company Zane Investigations, "sometimes it's tough for us to swallow."

Zane says business is up. He's hiring more people to help legally steal back cars for lenders.

To avoid the situation, he urges you to talk with your bank.

"Dodging the telephone calls... is just going to send us out after the car that much faster," Zane tells us, "If you're in communication with [your lender], a lot of times they can give you better options."

If the bank decides to repossess your car, you can arrange to voluntarily hand it over. This can cut your repo fees in half.

On the other hand, if you try to dodge the repo company and they catch up to you, you'll likely be charged extra fees for the investigation.

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