Can I surrender my car if I can’t afford the loan? There are ways to avoid the repo experience. Even if you can't afford your car loan, you can choose how to go forward. You can surrender your car to ...

Add Yahoo as a preferred source to see more of our stories on Google. Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often ...

Car ownership remains a struggle for many Americans. In the first quarter of 2026, the average monthly loan payment on a new car sped past $800 for the first time, according to data from JD Power, and ...

If you don’t pay your car loan, your car may be repossessed Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and ...

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 ...

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 ...

The Consumer Financial Protection Bureau used strong language in a news release Monday upon issuing a compliance bulletin on vehicle repossessions. The CFPB said it is “moving to thwart illegal ...

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 ...

There are ways to avoid the repossession experience. Even if you can’t afford your car loan, you can choose how to go forward. You can surrender your car to the bank, or work out a payment plan to ...