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
Are you worried about getting your vehicle repossessed? Many repossession agents work under the knowledge that the people they are dealing with might not know everything there is to know about the vehicle repossession process. If you think you might be at risk of having your vehicle repossessed it is important to understand the ins and outs of auto repossession, so you can protect your rights...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