Welcome to SC-CARS
SC-CARS is a
Since its organization in 2009, SC-CARS has worked with Senator David Thomas’s office, the Banking and Insurance Committee and the Department of Consumer Affairs in the development of legislation regulating the licensure and activities of collateral recovery specialists in
Our proposed legislation will require comprehensive background checks, professional certification, continuing education courses, proper insurance and adherence to federal and state laws that impact the collateral recovery process.
Our website is designed to provide relevant information about the
Upon the passage of our proposed legislation, SC-CARS will provide a medium where licensed
06/01/2010~ UPDATE:
S1073 passed the Senate unanimously and was sent to the House on 04/29/2010 where it was assigned to the Labor, Commerce and Industry Committee. It was stopped in the LCI committee; two of the Senators on the LCI full committee wanted to see more state law enforcement involvement and less regulation under the Dept. of Consumer Affairs. SC-CARS will work with the LCI committee members over the summer along with SC Law Enforcement Division, SLED, to determine the best way to get regulation in place through SLED rather than Dept. of Consumer Affairs. Private Investigators are also licensed through SLED so they are indeed equipped to handle such licensing. We will have a new bill ready to present to the House in January 2011. If you have suggestions or concenrs regarding the contents of the bill, feel free to contact SC-CARS at
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Vendors:
PROCRA is a national online collateral recovery community which is used daily by the financial community, including large and small finance companies, banks and credit unions to locate licensed and insured collateral recovery specialists to recover defaulted collateral. PROCRA offers forums, industry news and a collateral recovery specialist vendor directory.
Two of the most critical aspects of a successful collateral recovery business are the proper insurance coverage's specific to this profession and professional certification. Over the past several years approximately fifteen insurance carriers have stopped writing coverage's for this industry due to catastrophic losses because of failure to recognize the "inherent" risks associated with the self-help repossession process and a failure to require adequate training and certification of professional competency. At Insurance Services USA, we promise to be the people that you can count on to provide you with the best service and most competitive prices for your industry needs.
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National Recovery Certification:
SC-CARS requires that every member become certified within the first year of membership. Following is a list of nationally recognized professional certification programs. If you are aware of other nationally recognized programs please suggest that they contact us so that we may list them on our site. In searching for a certification program, be sure to ask your clients what courses they recognize. Our research indicates that off campus (in-home) study courses are the least expensive as they do not require expensive travel and lodging. For your protection our site will list only those certification courses that are accepted by the financial community.
Certified Asset Recovery Specialist (C.A.R.S.) National Certification Program
The C.A.R.S. National Certification Program was developed by Matrix Educational Systems, Inc. Matrix is a (
The cost of the C.A.R.S. Program is $250.00, plus $12 shipping and handling and can be purchased online or by calling 866-996-7472. The course will be shipped to you by priority mail and the final exam is online for your convenience. Field Recovery Specialist (FRS) National Certification Program The Field Recovery Specialist Operations Manual was developed specifically for the field agent physically involved in the self-help repossession process. The FRS Manual addresses the many scenarios and confrontational situations the Field Recovery Specialist is faced with on a daily basis with proper responses that reduces the potential for liability on the part of the FRS, the recovery agency owner, client and insurance carrier. The Field Recovery Specialist Operations Manual is the key to managing the “inherent” risks associated with the self-help repossession process. The cost of the F.R.S. Program is $225.00, plus $12 shipping and handling and can be purchased online or by calling 866-996-7472. The course will be shipped to you by priority mail and the final exam is online for your convenience. For more information on becoming professionally certified visit www.RiscUS.com
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