Credit Builder Education
What is Car Repo and How Long Does it Stay on Your Credit Report
If you get too far behind on your car loan, it is in danger of being repossessed. The fallout from repossession, both for your current finances and your future ones, can be devastating. An average 2.2 million personal vehicles were repossessed in the U.S. in 2021. That’s 5,418 vehicles a day. When the tow truck…