Imagine it's the near future, and you've bought a new car with a self-driving mode. But hard times hit and you fall behind on loan payments – then, one day you find your car has driven itself away to ...

Each state has a different statute of limitations on car repossession debt, including auto loans, with most ranging from three to six years. After the statute of limitations has passed on your debt, ...

If you miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...

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 ...

Affirming a Tax Court decision, the Eighth Circuit held that a taxpayer who repossessed his former principal residence after the buyer defaulted had to recognize gain equal to the excess of the cash ...

From the lessee's point of view, the specifics of a repossession depend primarily on 1) the terms of the contract, 2) the payment history and 3) state law. Sometimes there's a little wiggle room – a ...

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: ...

Repossessions of cars are surging in a way that's hard to ignore. More than 2.2 million vehicles have already been repossessed this year, a number expected to climb past 3 million by the end of 2025, ...

Facing car repossession can be a stressful and overwhelming experience. Missing car payments can happen due to unexpected circumstances, but acting quickly is important to prevent your car from being ...

A factual look at an unusual and unexpected situation during a vehicle repossession, highlighting how tense moments can lead ...

A former Alabama police officer who fired more than a dozen rounds in less than two seconds and killed a Black man during a truck repossession in 2023 will have to stand trial after a judge denied him ...