A truck locked behind gates on private property is usually off limits to a repo man – but only until he returns with a court order. Professional recovery agent Mark Lacek doesn’t really want to take ...

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...

PHOENIX — MBSi Capital, the developers of the Re-Pros and iRepo repossession software suites, rolled out a new program that aims to make such as RISC to provide vendor vetting. MBSi president John ...

A&B Abstract: The Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) recently released a Bulletin addressing the repossession of vehicles and alerting market participants to what it views ...

So, you missed a few car payments and now a tow truck is at your door. Don’t worry, all is not lost. Though it seems like you have no options left, there are still some things you can do to keep your ...

It is undeniably true that car repossession has dire consequences on your credit score and affects your future chances of credit ability. Using a car loan may seem like the best way to own your dream ...

When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...

On February 28, 2022, the CFPB released a Compliance Bulletin and policy guidance entitled “Mitigating Harm from Repossession of Automobiles.” In its bulletin, the CFPB sets forth the objective of ...

Recent economic pressures have changed the landscape for how loan defaults will be managed. Lenders and repossession agents now face an even greater threat of legal action from debtors. In contrast to ...

Car repossessions, which are becoming more common after a dip during the COVID-19 pandemic era, have serious financial consequences for lenders and borrowers. Over a million cars were repossessed in ...

Automakers are looking for ways to protect themselves from defaults as Canada's auto loan delinquency rate rises. Ford Motor Company has recently taken steps to ensure that their vehicles remain in ...