New blog article: How Does Repossession Affect Your FICO® Score?

[Elizabeth_FICO]

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

This week's article is: How Does Repossession Affect Your FICO® Score?

Let me know what you think about the article.

For more content don't forget to check out our blog.

[Dadof31978]

this is factually incorrect:

When you get an auto loan to buy a car, the lender technically owns it and retains the title until you've paid off the debt in full.

The borrower technically owns it and the bank has a lien ie security interest in the collateral (the car).