Finance, Credit and Repossession Information Resource

Can a Dealer Repossess a Car Before Registering it

Over the years of being in both liquidations and repossessions I have encountered the problem of needing to repossess a car or vessel before actually titling it for several reasons I will outline below. First off quite often someone makes a car purchase and might be short on the registration fees or the tax money […]

Repo on Credit Report and Deficiency Balance

I got a letter in the mail that the bank has finally sold our car at auction. We owed $12,000 and the bank sold it for $4,000, only a third of what we owe. I have a couple of questions as to the repo and credit moving forward down the road. One of our options […]

I bought a car from some guy and last night it got repossessed

I wake up this morning and my car is gone so I called the police to tell them its stolen. They advised me it has been repossessed but I told them I have no loans with any bank on the car. This is a scenario that happens often and it can happen a few different […]

Boost Credit After a Repo Here is the Best Way

You might think who cares? Why even bother boosting credit after a repossession? Immediately following the repossession you are probably right, but moving forward a year or two later perhaps you might be looking for a new job or you feel you are ready to purchase a house. Whatever the reason might be, a surefire […]

Home repossessions having a negative long term impact on homeowners

While there is a long list of negative affects coming out of home repossessions as well as a decent sized list of the opportunity those home repossessions offer to home investors, first time buyers as well as people just looking to move up into a nicer home. However this article explains a new epidemic of […]

Getting a repossession off of your credit

Credit today is part of everything we do in our lives, you screw up and get a repossession you have to deal with the consequences. In fact even if you choose a credit free lifestyle which many people are opting for today, it can still impact you in a bad way and end up costing […]

Getting Another Car After a Repo

Getting repossessed is not the end of the road for getting financed in another car although it will take six or seven years to get back to A or B rated credit. You will have to be perfect with any credit you have over that time frame in order to keep building back but its […]

Can a Repoman Take My Car from the Garage

I have my car inside my garage but I know it is up for repo. Can they come into my garage or property to take the car? It is probably better off rewording this question to will a repoman or repossession agent come into my garage to take my car that is up for repossession? […]

Credit After Repo

The day has come when times are tougher than usual and the once beautiful credit rating of 700 plus with little debt has suddenly been turned into a 500 credit score and the new Fiat you were driving has now turned into a 1998 Mazda you bought for $500.00. It’s unfortunate and will absolutely have […]

I’ve been repossessed I think, now what?

A normal morning comes around 7am getting out of bed, having some coffee, showering and stepping outside to get in the car for the usual work day at the office. Problem is this particular morning you get outside and the car is gone. Your adrenaline hits the roof thinking who the hell stole this car […]