I agree that I should not have used the word "never" in my comment. Thanks for pointing that out. Perhaps "unlikely" would be better. You are correct that so

I agree that I should not have used the word "never" in my comment. Thanks for pointing that out. Perhaps "unlikely" would be better. You are correct that sometimes stuff just happens, but after volunteering with a financial counseling program, I do think most people know when they have stopped making payments and most banks make lots of calls and send several letters before they go grab the property. There are exceptions of course, such as third tier used car dealerships which push the laws to the limit to make the repossession happen as quickly as possible. Sadly, people with the most fragile financial situations are much more likely to deal with the most predatory lenders. Many people living on the edge financially are so stressed that they have trouble prioritizing things in what would seem to be a logical choice to someone on the outside. What is often not understood is that honest (and early) conversations with lenders can frequently lead to adjusted terms to help people get through a difficult period. Without that conversation, they lose transportation access which leads to reduction in job opportunities, and then the whole thing starts to spiral. Very difficult.