ANSWERS: 2
  • No they dont. Banks will hire a recovery agent or a skip tracer to find the vehicle. Sometimes the recovery agent (or repo man) will pay a finder's fee or offer a reward if they are given information that leads to the recovery of the hidden vehicle.
  • once--as a recovery agent--I pestered a debtor until he resolved his financial situation with the creditor. I recieved a fee for that. But it was a fraction of what I would have received for recovering the unit. But not all creditors will pay recovery agents for that. The debtor was parking the unit in his garage.

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