Tag Archives: Auto Repossession
Repossessions and Errant Stolen Car Reports
When a car is repossessed, owners often mistakenly think that the car was stolen and file an errant stolen car report. This can cause big problems later down the line when the repossessed car is resold and the new owner is driving a vehicle that is still tagged as “stolen” in the Law Enforcement… Read More »
Auto Repossession In Chicago
If you take out a loan to buy a car, the creditor has the right to repossess the car if you do not make a payment or if you default on the loan. After repossessing your car, the creditor must send you a “Notice of Redemption,” which tells you whether the creditor will keep… Read More »