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Federal Repossession Guidelines

  • Know Your Rights as a Consumer

               

“Voluntary” Repossession changes nothing

  • "Voluntary" Repossession changes nothing

 

Repossession Statistics

  • http://www.usatoday.com/money/autos/2008-02-13-repo-man_N.htm

 

Credit Reform Is Imminent and Necessary or the lenders will be out of business

  • Banks will be out of business if they deny credit to recession affected consumers

 

  • There will be nobody left to lend to if this continues

 

Effects of Recession on Auto Financing

  • Less money being paid back so there is less to lend

 

  • FDIC Facts and details on consumer rights and the auto industry

 

Auto Insurance Fraud on the rise due to Recession

  • Insurance fraud means insurance companies pass on the cost to consumers through higher rates.

 

  • Insurance fraud on the rise with no end in site as resources to catch offenders is stretched thin.

 

Lenders are not immune to the recession

  • Lenders get HUGE bailouts, why shouldn't you?

 

Lenders aren't shy about asking for and accepting assistance.

 

 

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