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Why is a car repossession so much worse than regular unsecured credit cards debt and charge-off?
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Published:
May 1, 2010
when the car is actually a secured loan. what is the logic behind it that’s so much worse than regular debt unpaid? if someone’s credit is already shot, say 600, how much damage can repo do?
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Why is a car repossession so much worse than regular unsecured credit cards debt and charge-off?