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 ...

Imagine it's the near future, and you've bought a new car with a self-driving mode. But hard times hit and you fall behind on loan payments – then, one day you find your car has driven itself away to ...

If you miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...

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: ...

Facing car repossession can be a stressful and overwhelming experience. Missing car payments can happen due to unexpected circumstances, but acting quickly is important to prevent your car from being ...

Affirming a Tax Court decision, the Eighth Circuit held that a taxpayer who repossessed his former principal residence after the buyer defaulted had to recognize gain equal to the excess of the cash ...

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 ...

From the lessee's point of view, the specifics of a repossession depend primarily on 1) the terms of the contract, 2) the payment history and 3) state law. Sometimes there's a little wiggle room – a ...

Repossessions of cars are surging in a way that's hard to ignore. More than 2.2 million vehicles have already been repossessed this year, a number expected to climb past 3 million by the end of 2025, ...

Each state has a different statute of limitations on car repossession debt, including auto loans, with most ranging from three to six years. After the statute of limitations has passed on your debt, ...