How Does a Repossession Affect Your Credit?
A car repossession happens after a series of missed payments and the lender believes you (the borrower) will not get “caught up” in a timely manner. The exact process and timeline depend on specific state laws and auto loan policy that dictate when your vehicle can be repossessed. If you’ve missed one payment, you don’t … Continue reading How Does a Repossession Affect Your Credit? →