In today’s economy, auto loan delinquencies are rising, leading to an increase in vehicle repossessions. However, many lenders fail to recognize a critical opportunity in the repossession process: ...
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Can I surrender my car if I can’t afford the loan?
Can I surrender my car if I can’t afford the loan? There are ways to avoid the repo experience. Even if you can't afford your car loan, you can choose how to go forward. You can surrender your car to ...
As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years. Cox Automotive estimates yearly auto repossessions went up about 43% ...
Earlier this year, a joint announcement from three of the largest repossession organizations — Allied Finance Adjusters, American Recovery Association and Eagle Group XX — reiterated their definitions ...
On February 23, 2026, the United States Department of Justice (DOJ) entered into a settlement agreement with CarMax, Inc., resolving allegations that the car retailer violated the Servicemembers Civil ...
There are ways to avoid the repossession experience. Even if you can’t afford your car loan, you can choose how to go forward. You can surrender your car to the bank, or work out a payment plan to ...
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