Secure Storage of Collateral

Those who are familiar with banking and other financial instutions know that loan borrowers are often unable to fulfill their end of the deal. When a debtor isn't making their payments the next logical step is repossession, and it is important for a financial institution to work with a repossession company  that they can trust. Along with using a trusted repo company, that company should have a secure place to store the collateral they collect as well.
 

Midwest Lenders Services is a nationwide repo company that has been around for over 31 years. Most importantly, we store all our collateral in a highly secure fenced-in yard. We repo and possess many types of collateral including automobiles, heavy equipment, agricultural machinery, industrial equipment, heavy trucks, medical equipment, restaurant equipment, and other business and personal assets as well.
 

We are a fully licensed and insured company so you don't have to worry about dealing with a repo company that doesn't have the required credentials or has an unproven or otherwise spotty record. We follow all local and federal laws regarding the storage of collateral. We are also given all the legal rights and duties when it comes to storage since we are a secured party who is licensed to possess and control collateral.
 

Having a secure storage site ensures that you get the money you are owed when it comes time to liquidate. Obviously, if you do business with a repo company that doesn't take precautions to make sure the collateral is secure and taken care of, you could run into serious problems like theft or destruction. Unfortunately, a repo company's inability to keep your collateral in its original condition means that you will not be fully repaid when that collateral is liquidated. If you do business with Midwest Lenders Services, we are confident that this won't happen to you because we take security precautions to prevent deterioration, theft, and destruction.
 

Like we mentioned before, we are not limited to only the repossession of Agricultural equipment, automobiles, or construction equipment. We can repossess virtually anything that is of significant value including medical equipment and factory equipment as well. Using a company that collects more than just automobiles ensures that you can obtain the money that is owed to you.
 

Making Midwest Lenders Services your secured repossession partner is a great choice for your bank or other financial institution. If you have further questions about our secure storage yard or the other services we offer, feel free to contact us and we will be happy to answer all your repossession questions.