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

   www.aol.com/car-repossessed-221913061.html

   If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...

3. Car Repossessions on the Rise — Are You in Danger of ... - AOL

   www.aol.com/finance/car-repossessions-rise...

   The new car loan rate for September was 7.4% compared to the average rate of 6.9% at the beginning of 2023. The percentage of car owners that pay at least $1,000 a month jumped to 17.1% in the ...

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. Indemnity - Wikipedia

   en.wikipedia.org/wiki/Indemnity

   The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a " guarantee " is an obligation of one party (the guarantor ) to another party to perform the promise of a relevant other party if that other party defaults .

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. Repo man 'drives off' with baby still in mom's car ... - AOL

   www.aol.com/repo-man-drives-off-baby-172901130.html

   The repossession agents reportedly observed the vehicle − a Ford Focus − parked, running, and with its driver-side door open near Cookie's Daycare at 318 E. Riverside Drive.

8. Secured transaction - Wikipedia

   en.wikipedia.org/wiki/Secured_transaction

   Neither of these creditors has a security agreement – their only method of recovering their money in the event that the debtor defaults on the loan is through the judicial system, whereas the secured creditor can simply repossess the car at his option (This is called self-help repossession and is completely legal provided the secured creditor ...

9. A bank created fake accounts, forced clients into ... - AOL

   www.aol.com/bank-created-fake-accounts-forced...

   A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties.