r/Debt•
W_e_l_p_

Wondering something about voluntary repossession

R1: Submission guidelines

If I have a vehicle, that I theoretically got voluntarily repossessed, and I bought another vehicle on a finance before repossessing my old one, could the bank for the old one take my new one. Also, how long does it take to recover from a voluntary repossession? How many points can your credit drop due to a repossession?

Posted Jul 8, 2025, 4:52 PM UTC

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