Voluntary repossession allows you to return your car to the lender on your own terms instead of waiting for it to be seized. While it can help you avoid additional fees, involuntary repossession still ...
The Council of Repossession Professionals (CORP) used last week’s North American Repossessors Summit to establish the six conditions that constitute a voluntary repossession in an effort to streamline ...
DAYTONA BEACH, Fla. — Veteran repossessor and Time Finance Adjusters executive Patrick Altes believes there has been an industry myth circulating for years about how voluntary repossessions are ...
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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 ...
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 ...
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 ...
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