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  2. What To Do If Your Car Is Repossessed - AOL

    www.aol.com/car-repossessed-120051609.html

    Your car gets repossessed, which makes it even harder to earn money. The missed payments and repossession sink your credit, which makes it nearly impossible to finance a new car, and the cycle ...

  3. Car Repossession: What to Do Before, During and After - AOL

    www.aol.com/car-repossession-during-160042812.html

    The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a ...

  4. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Usually, the vehicle owner must be notified of a repossession. The repossession agent will find the car and check its information such as the vehicle identification number (VIN) to make sure they have the right vehicle. If there is a match, they will attempt to hook up the car to the tow truck and tow it away or pick the lock and drive it away.

  5. What To Do If Your Car Is Repossessed - AOL

    www.aol.com/car-repossessed-200051669.html

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  6. Vehicle impoundment - Wikipedia

    en.wikipedia.org/wiki/Vehicle_impoundment

    Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.

  7. Right of possession - Wikipedia

    en.wikipedia.org/wiki/Right_of_possession

    The company renting the vehicle to them could repossess the vehicle, for example, if they hold the vehicle past the contract period. Also, if the rental company missed payments to the lienholder, the lienholder could also repossess the vehicle from the person having possession. I purchase a pen at a store.

  8. Delinquency rates at highest level in almost 30 years - AOL

    www.aol.com/finance/delinquency-rates-highest...

    Most states allow lenders to repossess a vehicle as soon as you’re in default — but many lenders are reluctant to start that expensive process if there’s a chance you’ll resume payments ...

  9. Secured transaction - Wikipedia

    en.wikipedia.org/wiki/Secured_transaction

    The debtor is in debt $10K to the secured creditor and $2000 to the unsecured creditors. Assume the debtor defaults and his only asset is the automobile. The dealership can repossess the auto and sell it to satisfy its debt. Two things can happen here: 1) The dealership sells the collateral (car) for more than the amount of the debt (let's say ...

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