3 ms·

We do not have Repo in EU like they do in the US.

• chrisseaton 5y ago
  Are you sure about that? I thought repossession of collateral from a defaulted loan is a basic part of cultures with both common and code law. https://www.frenchentree.com/french-property/law/so-you-cant-pay-your-french-mortgage/ https://www.frenchentree.com/french-property/law/so-you-cant... What happens if you don't pay your mortgage where you live?
  • k8sToGo 5y ago
    Then you have to go through some government entity for repossession etc. But for sure we don't have it where some tow truck driver comes to your property pulling out the car.
  • wasmitnetzen 5y ago
    Usually, in the end, it's a government agent coming to you and repossessing things, not an employee of a random company.
• tonyedgecombe 5y ago
  This doesn't fall under the remit of the EU.