“Car Repos Are SURGING” - High Rates Causing Americans to Miss Car Payments

Car repossessions have surged 23% from last year and are 14% higher than pre-pandemic levels, according to a July 2024 Cox Automotive report. With fluctuating car prices, high-interest rates, and rising living costs, it's crucial to maintain open communication with lenders to avoid falling behind on payments.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.