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 ...

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 are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what ...

Considering inflation has already hit the US market, it’s best to prepare accordingly and plan your expenses more thoroughly. This is especially true if you’re looking to buy a car in the near future.

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 ...

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 ...

Ford is attempting to patent car “repossession” technology that would allow the automaker to remotely lock down vehicles or shut off key features like air conditioning if the owner misses payments, ...

The effects of the coronavirus pandemic have been especially burdensome on auto-loan borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a monthly ...

In the midst of rising car prices and interest rates, more consumers are struggling to pay their auto loans. In fact, a recent TransUnion study found that as of the second quarter of 2022, 3.34% of ...

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 ...