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 ...
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Auto loan strains trigger repossession surge
A growing share of American drivers are falling behind on car payments, and repossessions ...
A Georgia car dealership put the brakes on a young man’s ride when it repossessed his vehicle after allegedly stopping the automatic withdrawals he’d arranged for the sky-high 34.9% interest loan. (1) ...
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