What Type of Property Can Be Repossessed by Creditors and How?
Okay so, what type of property can you have repossessed? Well, let’s consider the word “Repossession” for a second. The word does suggest re-possession which means that the creditor taking back the property to ‘repossess’ it must have once possessed it in the first-place. Sure, that makes sense, right? Now then, if you buy a car on credit, you don’t really own it until it’s paid for, the bank does. See that point. Now, while it is true that you Read More