Before the pandemic, consumers could easily find a good quality used car for $20,000. However, in 2023, those vehicles made up just 12.4% of the market, as reported by CarScoops. Compounding this ...

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 ...

Car reposessions nationwide are up 23% over 2023 and 14% compared with the first half of 2019. Banks say they don’t believe consumers borrowed more than they can afford. More likely, they can afford ...

Amika Ward was sitting in her car last summer after a late-night run to Meijer for a friend's birthday present — a peace lily she was about to drop off — when she felt a bump. It was the repo man, ...

It’s a bad sign for the economy when the tow-truck business spikes. That’s what we’re seeing now, as a Bloomberg report details the recent drastic increase in auto repossessions. Not only is it a ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Editor’s Note: The video above is about Ford ...

Your car is an example of secured debt, which can be seized by a debt collector, depending on the terms of your loan. Whether a debt collector can repo your car can also depend on the type of ...

So far this year, repos are up 23% compared with the same period last year, according to data from Cox Automotive. Vehicle repossessions began increasing in 2023 and are up 14% from the first half of ...

Cars are getting more expensive. Since March 2020, new car prices are up 29% and used car prices up 34%, per USA Today. This outpaced the overall inflation rate of 23%. There are a few potential ...