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 ...
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My car got repossessed. Now what?
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 ...
Everyone knows that if you buy a car on credit and fail to make the payments, the lender can repossess it. It’s embarrassing and will wreak havoc on your credit when the repo shows up as a landmark on ...
Bankrate on MSN
Will doing a voluntary reposession protect your credit?
Voluntary repossession allows you to return your car to the lender on your own terms instead of waiting for it to be seized.
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 ...
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