Vehicle Repossession Laws by State: Know Your Rights & Rules
Did you know that each state has rules and regulations covering the vehicle repossession process? While some states provide leeway by granting the borrower a short period to make up missed payments, others mandate that the loan or lease contract …
View moreHow to Avoid Repossession: A Practical Guide
Getting a car can be exciting, but then, life happens, and sometimes, making payments on time is difficult. You risk getting your car repossessed if you miss monthly payments. Fortunately, you can take precautions to avoid this unfortunate situation entirely.…
View moreWhat Happens After Repossession of a Vehicle: A Practical Guide
Getting a car can be exciting. Unfortunately, life happens, and some people have trouble keeping up with payments. This can lead to having your vehicle repossessed.
Having one’s car repossessed is stressful and unfortunate. However, everyone should know their rights …
View moreCompliance with the Servicemembers Civil Relief Act: Vital, but Easy, for the Towing Industry
As service providers, towing operators rely heavily on their image and reputation to stand out from the competition. Clients expect fast, efficient service with as few complications as possible. Nothing can tank a business faster than towing and selling a …
View moreWhat Are the SCRA Vehicle Repossession Rights?
As a lender or auto dealership, you are likely — and rightly — concerned with the SCRA vehicle repossession rights. It’s important to follow the letter of the law in these matters in order to avoid fines and penalties.
Companies …
View moreSCRA Car Loan: Can I Repossess Servicemembers' Vehicles?
While auto lending frequently involves smaller dollar amounts than mortgages and student loans, the number of auto loans is high. Almost 44 percent of Americans have a car payment.
Add to this the fact that interest rates are higher …
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