Car Repossession
Car Repossession
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Car Repossessions and Auto Loan Charge Offs
If you default on your car loan, you can almost always expect the lender to repossess the vehicle. If, after a car repossession, you still owe money pursuant to the loan, the lender may go after you for the money.
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Car Repossession: What Is the Difference Between Reinstatement and Redemption?
Learn about redemption and reinstatement after vehicle repossession, the difference between the two, and whether those options will be available to you.
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Car Repossession: Notices the Lender Must Provide
Learn what notices your auto loan lender must provide during the car repossession process.
Deficiency After Car Repossession
Deficiency After Car Repossession
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Deficiency After Car Repossession: Will I Still Owe Money?
The money owed after a car repossession is known as a “deficiency.” If a court issues a deficiency judgment, the lender can collect the money you owe for the car repossession deficiency using a wage garnishment, bank levy, or property seizure. Learn more.
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Dealing With a Deficiency After Car Repossession
If you've lost your car to repossession, find out when you owe a deficiency balance, how lenders collect it, and whether Chapter 7 or 13 bankruptcy can eliminate it.
Q&As About Car Repossession
Q&As About Car Repossession
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Car Repossessed After Filing Bankruptcy: What to Do Now
Learn why getting your car towed after you filed bankruptcy happens, why it's usually illegal, and the exact steps to get your vehicle back quickly.