Car repo laws govern the vehicle repossession process, meaning there is a specific set of rules protecting you in the event of car repossession.
Car repossession usually takes place when you have financed a vehicle and fallen behind on payments or otherwise have not appropriately paid off the property. A bank or other creditor lends you the funds for the car, so if you do not make the right...Read More
Car repo is a scary thought for people who have financed their vehicles. The vehicle repossession process can ruin your credit and, of course, leave you without a car. Car repo begins when you are late on a payment, at which point your lender can accelerate your loan, meaning you now owe them the entire amount of the loan, within a very short timeframe. If you are unable to pay off the loan or...Read More