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 ...

Healthcare worker Cleveland Wishop landed at Baltimore-Washington International Airport last fall expecting to retrieve his car from long-term parking and drive home. It never crossed Wishop’s mind ...

Car purchases are driving Americans into unprecedented levels of auto debt, according to a recent report. Americans owe $1.66 trillion in car-related debt, the Consumer Federation of America found.

Repo volume is climbing, but don’t expect it to get to pre-pandemic levels any time soon. After two years of declines, the amount of repossessed vehicle volume flowing into wholesale channels is ...

It’s a bad sign for the economy when the tow-truck business spikes. That’s what we’re seeing now, as a Bloomberg report details the recent drastic increase in auto repossessions. Not only is it a ...

Can I surrender my car if I can’t afford the loan? There are ways to avoid the repo experience. Even if you can't afford your car loan, you can choose how to go forward. You can surrender your car to ...

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 ...