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 ...
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Auto repossessions surge as car costs continue to climb
More Americans are falling behind on their car payments as 2025 comes to a close, with auto repossessions nearing levels not ...
Car repossessions are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what ...
A big indication that we may be heading toward a severe economic downturn has been identified by Cox Automotive, as the overall number of car repossessions has increased by 23 percent over last year.
Car repossessions surged last year to the most since 2009, a sign that mounting consumer stress is reverberating through the U.S. economy. In 2024, roughly 1.73 million vehicles were seized, according ...
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: ...
Car reposessions nationwide are up 23% over 2023 and 14% compared with the first half of 2019. Banks say they don’t believe consumers borrowed more than they can afford. More likely, they can afford ...
Since 2020 the car market has been rocked by one problem after another. First it was a lack of stock, then parts, then supply. All of this causes prices to shoot up. Along with rising prices also came ...
Cassie from San Diego called in to “The Ramsey Show” with a question: “How do I settle a repo?” The reason behind it?
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