Car repossessions, which are becoming more common after a dip during the COVID-19 pandemic era, have serious financial consequences for lenders and borrowers. Over a million cars were repossessed in ...

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 ...

More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If ...

We are receiving mixed messages regarding trends in repossessed cars. Some experts see the recent spike in repos as the market sorting itself out after record-low repossession rates the past couple of ...

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 ...

“More carmax repos at the auction. People are defaulting on their loans and getting their vehicles repossessed,” TikToker Cheese (@thankucheese) writes in a caption for yet another video where he ...

Voluntary repossession allows you to return your car to the lender on your own terms instead of waiting for it to be seized.

In the midst of rising car prices and interest rates, more consumers are struggling to pay their auto loans. In fact, a recent TransUnion study found that as of the second quarter of 2022, 3.34% of ...