American Recovery Association president Todd Case tried to clarify the organization’s position about what could be a flashpoint issue for repossession agents.

In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: ...

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 ...

Car repossessions in the United States have reached their highest rate since the 2009 recession, reflecting economic strain and rising costs for vehicle owners.Michael Jones, an economics professor at ...

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...

As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...

More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If ...

Ford is trying to patent technology that would allow cars to repossess themselves. As first spotted by The Drive, a Ford patent application titled "Systems and Methods to Repossess a Vehicle" was ...

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 ...