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 ...
Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often converge into one lingering question: “What do I do now?” As an ...
In a viral TikTok video, a car salesperson recreated what it’s really like when a person tries to trade in their used car and expects loads of money. In the video, which has well over a million views ...
More Americans are falling behind on their car payments as 2025 comes to a close, with auto repossessions nearing levels not seen since the Great Recession. WSB consumer expert Clark Howard says the ...
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 ...
Your car is an example of secured debt, which can be seized by a debt collector, depending on the terms of your loan. Whether a debt collector can repo your car can also depend on the type of ...
A near-record number of cars are being repossessed as Americans continue to fall behind on their auto loans amid mounting financial strain. According to data from the Recovery Database Network (RDN), ...
Cassie from San Diego called in to “The Ramsey Show” with a question: “How do I settle a repo?” The reason behind it? Gambling. She told hosts George Kamel and Jade Warshaw that she had a car ...