Car Repossession

Two kinds of people need to know the procedure for repossessing a car: those repossessing and those losing the car. Ralph Thomas, an expert in the field, reports that more than 5000 companies and...

When we think repossession we think all kinds of bad things. Yes auto reposessors have a bad name as being the bad guy. If we didn't have them the banks and lending institutions would be going...

Repossessing a car is like a game of cat and mouse. If you are the repossessor (repo guy), then you're the cat while the uncooperative car owner is the mouse. Contract law permits cars to be...

Having your vehicle repossessed can be embarrassing and stressful. For most people a car or truck is their main source of transportation. Without it, daily tasks such as work, shopping and...

Imagine walking out to your car or truck some morning and finding it gone. That traumatic experience happens everyday to people who have defaulted on their auto loans. Armed with a court order and...

The annual rate for automobile repossessions reached a 10-year high in 2008, soaring to 3.6 percent of all auto loans, according to Avert Repossession Group. Auto repossession is humiliating for...

A financed vehicle loan that is in default (late on a payment) can lead to an auto repossession. The loan contract dictates when the loan is considered to be in default. Some loan companies...

When someone purchases a motor vehicle, recreational vehicle or other physical item, he typically goes to bank or a financial lender and borrows money to pay for the item. If the borrower fails to...

If you do any in-house financing when you sell used cars, at some point, you will need a repo man. If you are a dealer with a lot of credit risk in your business, then you may want to hire a...

The police confiscate thousands of cars every day all over the country. These automobiles eventually go up for auction to the general public. You can get a good deal on a used car by bidding at a...

One of the best places to find cars to resell at a used car lot is from companies that repossess automobiles. You have to be careful though, because often people who lose their cars in foreclosure...

Having a car repossessed will leave a big black mark on your credit report. Working to refinance to get a repo vehicle back may not be easy, but it isn't impossible either.

One of life's biggest frustrations can be when you can't pay your bills on time and when the bank is repossessing your car. Once your car is repossessed, your headache is not over. In fact, it...

If your car is about to be repossessed, chances are that you have been avoiding paying your auto loan bill for quite some time and that you have been avoiding the phone calls from your car loan...