They Took the Car – What a Repossession Really Does to Your Financial Life
The Real Credit Talk show by Tiana A Mayers
Episode notes
A repossession does not begin when the tow truck arrives, and the financial damage does not end when the vehicle is taken.
In this episode of The Real Credit Talk Show, Tiana Mayers, also known as Lady T, breaks down what really happens before, during, and after a vehicle repossession—and how it can affect far more than your ability to purchase another car.
We discuss how missed payments can lead to repossession, what happens when the lender sells the vehicle, and why you may still owe thousands of dollars even though you no longer have the car.
In this episode, you will learn:
- What happens before a lender repossesses a vehicle
- The difference between voluntary and involuntary repossession
- How a repossession can affect your credit reports and credit scores
- What happens when the ...
Keywords
#therealcredittalkshow #beyondcreditlimits #repossession #crediteducation #financialliteracy #autoloan #creditscore #personalfinance #creditawareness #financialfreedom