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So this is in the US, but I was looking at car loans just to see what the rates were compared to mine and there were reviews from people stating the bank reposs

• cgriswald 7y ago
  > Now this is only their side and I don't remember which banks and credit unions were receiving those reviews but I know there were multiple accounts of people with similiar experiences and some of those lenders were nationally known banks It's not just only their side, the stories don't make a lick of sense. A bank doesn't want your car. The value of the loan is much higher than the value of the car, and without the car, you probably can't go to work to pay them the balance. If what those people claimed was true, they're probably leaving out the part about how they missed five payments in a row, and when they finally called the bank back the bank offered them a payment plan, which they also missed, and THEN the car was repossessed.
• cat199 7y ago
  > car loans Might have gotten results for 'auto title loans' mixed in? I could see this for those, but even then it would be a stretch - the cost of the repo and redelivery upon eventual payment for most of the cases would quickly overwhelm any benefit