Repossession for a car happens when you’ve defaulted on your auto loan, and your lender may seize the vehicle to recover its losses. In many states, lenders are not required to give you notice before ...

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 miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

Hudson Cook partner Allen Denson read through the auto-finance portion of the latest Supervisory Highlights shared by the Consumer Financial Protection Bureau and immediately thought of another credit ...

Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to self-help repossession following a borrower’s default. A number of jurisdictions across the ...

(AOL Autos)-- Motorist one, let's call him Jim, just bought a used car from his neighborhood auto dealer. Meanwhile, motorist two, let's call her Jane, just lost her new car to repossession. Jim ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. DOLTON, Ill. — When a lender sent a ...