It’s no surprise that with high car prices, many Americans are struggling to keep up with payments. Fitch Ratings reports ...
Subprime auto loan delinquencies hit record highs as lower-income Americans struggle with rising car costs and tighter ...
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 ...
Missed payments don't just threaten your vehicle -- they can damage your credit. The question is how to protect yourself ...
When you signed the financing agreement that enabled you to buy a car on payments, you made a legally binding promise to make those payments on time every month. If you miss a single payment by 30 ...
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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 ...
Before the pandemic, consumers could easily find a good quality used car for $20,000. However, in 2023, those vehicles made up just 12.4% of the market, as reported by CarScoops. Compounding this ...
This Georgia family says a repossession dispute cost their son his car. Here’s what to watch for before it happens to you.
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