As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
Automakers are looking for ways to protect themselves from defaults as Canada's auto loan delinquency rate rises. Ford Motor Company has recently taken steps to ensure that their vehicles remain in ...
The effects of the coronavirus pandemic have been especially burdensome on auto-loan borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a monthly ...
The Consumer Finance Protection Bureau recently entered into a consent order with a national lender regarding certain practices related to vehicle repossession. Since the CFPB appears to generally ...
Losing a car to repossession is a personal financial crisis that impacts our ability to work, to take care of our basic needs ...
On February 28, 2022, the CFPB released a Compliance Bulletin and policy guidance entitled “Mitigating Harm from Repossession of Automobiles.” In its bulletin, the CFPB sets forth the objective of ...
It is undeniably true that car repossession has dire consequences on your credit score and affects your future chances of credit ability. Using a car loan may seem like the best way to own your dream ...
DAYTONA BEACH, Fla. — To the professionals in the repossession industry — and yes there are hundreds of them in this business — there's nothing funny or entertaining about Operacion Repo, so-called ...
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Driver thought his car was repo’d — then he found it in the strangest place
When a driver walks outside and finds an empty parking spot where their car should […] ...
Tight household budgets are pushing drivers toward financial strain.
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