repossessions
Vehicle repossessions hit 15-year high, with 1.73M cars seized in 2024
US Economy: 33%: People buying sh**t33%: People delivering sh**t22%: People repossessing sh**t12%: Real Estate 😉 — Reminiscences of an American Capitalist (@4Awesometweet) March 28, 2025 Americans struggle to keep up with bills.
Consumer Finance subindex surges, highlighting rising issues in billing disputes, auto repossessions, payday loans.
Off to the races! The Consumer Finance subindex reflects the number of intakes related to consumer finance issues such as billing disputes, auto repossessions and payday loans, as a share of total intakes across all areas of law. pic.twitter.com/CwtdHZLp8f — Darth Powell (@VladTheInflator) August 26, 2024 Electricity prices are up 📈 46% since January 2021. …
Car repossessions skyrocket. Economy at tipping point.
Car repossessions have surged recently. In 2024, car repossessions increased by 23% compared to the previous year, which is also 14% higher than pre-pandemic levels. This rise is largely attributed to financial distress among consumers, with many struggling to keep up with their car payments due to higher interest rates and overall economic pressures.
Car Repossessions Surge 23% as Americans Fall Behind on Payments
High interest rates and tight budgets are making monthly bills unaffordable for a growing number of vehicle owners. Car repossessions rocketed higher in the first half of the year, a sign of rising consumer distress as the US Federal Reserve weighs interest rate cuts. So far in 2024, repos are up 23% compared with the …
Auto loan Repossessions are blowing past the 2008 numbers.
1/6: “I’m almost at capacity and we haven’t even begun to feel what is going to be probably one of the biggest shifts since 2008. … We’re going to blow past 2008 numbers as far as repossessions go." – a repo company executive. — Unicus (@UnicusResearch) June 1, 2024 3/6: The consumer may not bounce …
Home foreclosures surge, car repossessions reach new highs, real estate prices plummet, widespread decline expected.
Home foreclosures starting to explode Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding up notices of default, repossession by banks and auctions on the calendar, the …