
A joint auto loan has two borrowers, also called co-borrowers. Often, co-borrowers are spouses or life partners. But what happens if the car is repossessed? Well, both of you could be on the hook.
Continue ReadingA joint auto loan has two borrowers, also called co-borrowers. Often, co-borrowers are spouses or life partners. But what happens if the car is repossessed? Well, both of you could be on the hook.
Continue ReadingIf you know that vehicle repossession is around the bend, then it may be a good idea to consider surrendering it instead of waiting for the repo man. Here are the benefits to returning the car yourself, and other options to consider before voluntarily surrendering.
Continue ReadingA vehicle repossession can be well within a lender's rights if something goes wrong with the auto loan contract. We cover how a repo can start, how you could stop it, and the impact a repossession can have on your credit.
Continue ReadingMany auto lenders sell repossessed vehicles at auction to cover the remaining loan balance. If your car was towed away, you can try to win it back at auction if it comes to that, but there are some things you should know.
Continue ReadingVehicle repossession can catch you by surprise – but it doesn't have to if you know what your auto loan contract says about the process.
Continue ReadingA repossession on your credit reports can make it tough to qualify for a car loan. However, there are lenders that overlook your credit reports – making it possible to get into a vehicle after a repo.
Continue ReadingGoing through the repossession process can be stressful, so we want to offer some guidance. We have seven things you should know about the repo process, including your likely auto loan options afterward.
Continue ReadingOnce a lender hires a recovery company to repossess your car, they have many resources and ways to locate your vehicle. We cover how a repo man can find your car, your rights, and auto loan options after a repossession.
Continue ReadingIf your car was repossessed and put up for auction, you could be left with a deficiency balance that you're responsible for. If you can't pay the deficiency balance, you may have some options to explore.
Continue ReadingA car repossession brings down your credit score, and can make it hard to get another auto loan in the future. Here's what you need to know about repossessions and how to avoid this situation.
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