Millions of Americans are at least three months behind on their car payments, the benchmark for many lenders to trigger a repossession and a warning light for the economy. In fact, according to a ...
As president of Intellaegis, the software company that built masterQueue, and a founding partner in RepoRoute, I’d like to share some thoughts on the importance of field management software and where ...
Unlike other areas of consumer finance, auto lending has largely escaped tighter regulation in the wake of the financial crisis. This could soon change. Auto lenders have long been able to reclaim ...
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 ...
The effects of the coronavirus pandemic have been especially burdensome on auto-loan borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a monthly ...
The Consumer Finance Protection Bureau recently entered into a consent order with a national lender regarding certain practices related to vehicle repossession. Since the CFPB appears to generally ...
So, you missed a few car payments and now a tow truck is at your door. Don’t worry, all is not lost. Though it seems like you have no options left, there are still some things you can do to keep your ...
More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If ...