Auto loan payments show sharp improvement in 1Q Late payments on auto loans dropped sharply in the first three months of the year compared with the same period in 2009, reflecting both tighter lending standards and consumers’ improved payment habits. Read more on Seattle Times
Tag Archives: auto
What is the statute of limitations for auto repossession?What happens after 7yrs and it off the credit report?
After 8 years and a repo is removed from you credit report. Can another company try to collect? What is the statute of limitations on this matter? It never went to court. No judgement. I don’t have the car. It was repoed 8 yrs ago.
Posted in Questions & Answers Also tagged 7yrs, after, credit, happens, limitations, Report, repossessionWhat, statute 3 Comments
Our view on consumer protection: Put brakes on auto dealers’ bid for special treatment
Our view on consumer protection: Put brakes on auto dealers’ bid for special treatment Exemptions for powerful pleaders undermine financial reform bill. Read more on USA Today
Posted in News Also tagged brakes, consumer, dealers, protection, special, treatment, view Leave a comment
How bad would the repossession by ‘we finance auto’ affect my credit?
I had to buy a used auto from ‘we finance’ like early this year due to no credit establishment. And I have been sucked paying over 200% of the blue book price. And I don’t want to keep paying that because financial situation these days is not really good. If I stop paying monthly payment [...]
Do auto dealers really install immobilization computer chips to enable easier repossession?
I was told by a dealer that his firm installed a chip in the car I wanted to purchase. He also said that if the payment was ever considered two days late, that the lender could remotely disable the car and find it via GPS. He finished by saying that repossession action would start immediately. [...]
Posted in Questions & Answers Also tagged chips, computer, dealers, easier, enable, immobilization, install, Really, Repossession 5 Comments
What is the best way to repair your credit after an auto repossession?
I recently had a car repossession and my score really took a beating. I am really optimistic about cleaning up my report and I am open to any suggestions. Please help..
How do i go about getting auto finance companies to hire my repossession company?
I am a owner operator of my repossession and towing company. I just recently went into the repossession/recovery part of my business a few months ago. I currently recover/repossess for a few buy here, pay here car lots. What I’m wanting to do is expand and repossess for major auto finance and title loan companies. [...]
Posted in Questions & Answers Also tagged About, companies, Company, finance, getting, hire, Repossession 1 Comment