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The Journal.

The Repo Man Is Busier Than Ever

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 14 November 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

The repossession business is booming. More Americans are falling behind on their car payments, a sign that lower-income consumers are struggling. WSJ’s Scott Calvert recently joined a night shift with two repo men and learned that despite a record number of cars now marked for repossession, finding them is easier said than done. Jessica Mendoza hosts. Further Listening: - For Millions of Student-Loan Borrowers It’s Time to Pay - The 20,000 Steps to a Walmart Manager’s Six-Figure Salary Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Last month, our colleague Scott Calvert spent the night out and about in a tow truck.

0:11.1

We went out, it was a Wednesday evening.

0:13.3

It was in a part of Maryland that's roughly between Washington and Baltimore,

0:17.5

and we were on the road for hours just driving around with these repo men.

0:22.9

Repo men.

0:25.4

It's their job to repossess vehicles when their owners can't make their car payments.

0:30.0

If you see them in your driveway, something's gone wrong.

0:33.0

And they are going from location to location, and they are essentially on the hunt. You know, the whole time they are going from location to location and they are essentially on the hunt.

0:39.1

You know, the whole time they are looking for cars that are eligible to be repossessed.

0:45.1

And when they find them, they hook them up to their tow truck and drive them back to the lot.

0:51.8

Scott joined a repo man named George Dowdy on one of his hunts. George is 47. He's been a repo man for about a decade. That night, George had an assignment. He was looking for his Chevy tracks. There it is.

1:19.4

George got out of the truck and double-checked that it was the right car.

1:25.5

He checked the license plate, the vehicle identification number, the make, model, and color, everything.

1:28.0

I think, I think that's it.

1:32.3

I think the VIN was 9-1-1.

1:39.3

And George got to work, backing up the truck and lowering the boom on the back.

1:42.6

All the while, he was on the phone with colleagues back in the office.

1:46.1

Jingle, jingle, jingle, jingle.

1:48.9

Yeah, I found it.

1:50.1

It's on the screen.

1:54.2

Soon, the Chevy was ready to be towed away.

1:58.0

All right, I'll put some straps on it and get the heck out of here.

...

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