car repo
Lender takes back
Car repo is the repossession of a vehicle, typically by a lender when the owner falls behind on loan payments.
The repo man comes to take the car back, often without warning: I missed three payments and they did a car repo in the middle of the night.
Also used as a modifier: car repo companies, car repo laws.
- towPull something behind
- tow truckVehicle that pulls others
- debtMoney owed another
- missed paymentsDebts not settled on time
- defaultPreset standard option
bad credit · lender · bank · loan · seized · creditor · collector · delinquent · payment · finance · collateral · impound · recovery · agent · skip tracing · stealth · late night · midnight
- debt collectiondebt collection, garnishment, late payments, debt collector, delinquent accounts
- liquidationsliquidation, fire sale, closeout, forced sale, bankruptcy sale
voluntary vs involuntary surrender
car repovoluntary surrender
Freely chosen submission
financial solvency · good standing · debt freedom · creditworthiness · financial stability
car, repo, cars, repossess, repossession, repossessed, repossessing