Page 137 - CARS Standard Program
P. 137
We could include many more of these comments and videos but I think you get the message.
When we think of “exhibitionism” we usually picture some clown running around in public “in the buff.” However, the dictionary defines exhibitionism as “the practice of behaving so as to attract attention”, and that is exactly what these social media “exhibitionists” are doing. And they are doing it in a manner that reflects ignorance and arrogance to the detriment of their career while not appreciating the unfortunate financial situation the debtor may be in.
Insurance carriers consider such behavior irresponsible, a potential for litigation and a primary basis for determining potential insurance risks which can lead to non-renewal of coverages and even denial of claims. Recovery industry professionals already recognize the difficulty of securing appropriate insurance coverages for self-help repossession services and if an attorney finds “ammunition” on social media such as the above examples that he can use in court you can be sure he will.
If you are one of those recovery agents or agency owners that subscribes to such posts on social media sites, consider yet another cause for addressing this very serious issue. Suppose one of those debtors whose car you have repossessed files a UDAAP (Unfair Deceptive and Abusive Practice), or Invasion of Privacy complaint over such irresponsible comments and/or photos with the Consumer Financial Protection Bureau (CFPB). GAME OVER!!!