Repossession Bad Credit Auto Loan At Irwin's

If you have ever been denied an auto loan because of a repossession on your credit report then we can help! We understand that sometimes bad things happen to good people, and that any of us can fall behind on our monthly payments, ultimately ending a repossession.

What is a repossession? When you borrow money from a bank or credit union to purchase property such as a car, truck, boat, etc. the lender keeps the title to the property until the loan has been paid in full. In the event that you fall behind on your payments, the lender may repossess the property and sell it at auction to try and recoup some of the loss from their loan. The bad news is that repossessions will lower you credit score. The good news is repossessions do not affect your credit score forever, and just like with bankruptcy and foreclosure, you can rebuild your credit score by getting a new loan and paying it back on time.

We have a dedicated team of financial services managers who have excellent relationships with dozens of lenders. If a repossession in your past is preventing you from getting an auto loan, then give us a call and let us put our team to work for you!