Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often converge into one lingering question: “What do I do now?” As an ...
More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If your vehicle has been repossessed or you’re at risk of repossession, there ...
The number of car repossessions is growing. The latest numbers show people are defaulting on car loans 40% more than just two years ago. Channel 2 consumer investigator Justin Gray has been digging ...
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars. By Ann Carrns More automobile owners are falling behind on their payments, and a new report ...
In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: ...
If you don’t pay your car loan, your car may be repossessed Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and ...