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Bank Repossession

repossession

What other charges will apply?

Repossession

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If you return your car to the bank (voluntary repossession) what happens?

I have heard they sell the car at auction and you are then responsible for the difference. Yet people have told me that they just don’t pay the bank back, and it goes off your credit report in 7 years. What exactly will the bank do to retrieve what you owe? Can [...]

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