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.
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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).