I’ve got one in the back and I keep it locked up inside.
“They lock them up, they put them in their living room and in their bedrooms. Kizziah said the hardest item to repossess is a Harley-Davidson.ĭavidsons,” he said. “If you can pay, I’ll do it and I try to do it the right way,” said Kizziah, who has repossessed everything from tractors and dump trucks to jet skis, mobile homes, washers and dryers, motorcycles and cars. Now, his team recovers 10-12 cars per week. Repossession orders increased nationally from 1.49 million in 2007 to 1.69 million in 2008, and those numbers are predicted to rise this year.īefore November, Kizziah averaged about three repossessions a week.
News and World Report, the number of car loan delinquencies nationwide rose drastically in 2008. As the economy continues to drag and people lose their jobs, the obvious corollary is more people unable to pay for their more expensive purchases, including cars.Īccording to U.S. I’m making a lot more than that now.”Īlabama’s unemployment rate stands at 9 percent. “I was making $22 an hour at my regular job. Now, six trucks later, “I laugh every time I go to the bank,” he said. For the first four years, he worked days and nights, seven days a week. Kizziah started his business 10 years ago with a $6,500 tow truck, leaving a job as a sheet metal worker. The owner of Dwayne’s Towing and Recovery, Kizziah is seeing his business rack up record profits, and has doubled his three-man staff since November. While other West Alabama businesses suffer through the economic crunch, Dwayne Kizziah’s business thrives during misfortune.
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