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Repo Buzz Member Uncovers Fraud Ring

Advantage Automotive Analytics recapped the incident for SubPrime Auto Finance News after the risk mitigation company and GPS provider included Waldron in a panel discussion during last month’s BHPH Summit hosted by the National Independent Automobile Dealers Association.

First, a little background about Waldron, who has been in the collateral recovery industry for more than 25 years, having started in New York before moving to Texas, where he formed his own company. Today, his company is a professional full-service collateral recovery company headquartered in Austin, Texas, with nine offices in Austin, Dallas, San Antonio, Houston, Del Rio / Eagle Pass and Corpus Christi.

Waldron said 1st Adjusters was contracted to repossess a high-end, late-model Mercedes-Benz. Given the vehicle’s value and other considerations, Waldron, a licensed private investigator, took on the recovery himself.

“Fortunately, the vehicle had been equipped with an Advantage GPS unit and we were able to get a good location,” Waldron said.

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