As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
ELIZABETH, N.J. — A simple Google search can result in hundreds of stories of repossessions gone wrong — from repossessors impersonating police to repossessors getting shot and killed. On Dec. 9, 2009 ...
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 ...
When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...
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 ...
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 ...
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 ...
As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...
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