Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what to do if you're at risk

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
AOL

Car repossessions are up 43%. Here’s what to do if it happens to you

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 ...
Auto Remarketing

Ignite compiles 8-point repossession compliance checklist

Ignite Consulting Partners offers a compliance tip each week for dealerships. This week’s installment delves into a business segment buy-here, pay-here operators often face — repossessions — recapping ...
WAGM-TV

Rising car costs are driving a surge in repossessions

Car repossessions are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what the numbers show and how to respond if you’re affected.
Auto Remarketing

3 repo organizations reiterate definitions of 8 key industry terms

Earlier this year, a joint announcement from three of the largest repossession organizations — Allied Finance Adjusters, American Recovery Association and Eagle Group XX — reiterated their definitions ...
American Banker

Auto repos by third parties spiked after pandemic: CFPB

Auto repossessions spiked in 2022 above pre-pandemic levels, coinciding with a sharp increase in the use of third-party repo agents and higher costs to consumers, the Consumer Financial Protection ...

Car repossessions went up 43% over two years as high prices squeeze Americans. Here's what you can do if you're at risk

Tight household budgets are pushing drivers toward financial strain.