Vehicle Repossession | Consumer Information
But if you’re late with your car payments, or in some states, if you don’t have adequate auto insurance, your vehicle could be taken away from you.
... The Federal Trade Commission, the nation’s consumer protection agency, wants you to know that your creditor’s rights may be ...
5 Ways to Recover When Your Car Is Repossessed - NerdWallet
May 4, 2015 ... If the repossessed car sold at auction for $7,000, you'd still owe $2,000 on the car, plus repossession expenses, in some cases. This is called a deficiency balance. Deficiency balances are common, especially when your auto loan was for a new car.
Car Repossession Laws: An Overview | Nolo.com
Every state has its own rules regarding repossession but having a security interest generally means your lender can repossess the car without notice if you default on the loan. Many things can constitute a default but the most common reasons are not making timely loan payments or not having car insurance.
5 Steps to Take When Your Car is Repossessed - MagnifyMoney
An actionable list of what to do once your car is repossessed and you need to get
BALANCE: What to Do if You Cannot Make Your Car Payments
Once a car is repossessed, it is usually sold through an auction. It is common for
cars to sell at auctions for a fraction of their resale value. If your car sells for less...
Here's What It's Really Like to Have Your Car Repossessed - ABC ...
Oct 11, 2014 ... Jennifer agreed to tell Credit.com what it's like to have a car repossessed only if
her identity was protected – her name has been changed -- to...
Does Hiding a Car to Avoid Repossession Actually Work?
May 29, 2017 ... If you are at risk of having your car repossessed, it might of crossed your mind to
hide your car. What are your chances of success?
Is Your Car in Danger of Being Repossessed? | Edmunds
Lenders usually outsource car repossession to professionals. Repo men (or,
more properly, repossession agents) know all the ins and outs of getting cars
Car Repossession: How it Works | RoadLoans
Oct 17, 2016 ... Financing a vehicle isn't always a smooth ride. Learn how car repossession
works, and the main scenarios that may lead to it.