The car is gone, but the debt lives on: What happens after vehicle repossession
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Vehicle repossession does not automatically erase a person's debt. Court judgments and ombud rulings show that costs can remain after the car is gone. These records explain when motorists are able to challenge their lenders.
Losing your car to repossession does not mean your debt disappears. Court judgments and ombud rulings reveal the potential costs and when motorists can challenge lenders.