
“The car was flagged for repossession by the credit union because her payments were short by 66 cents each month.”
Lakeland, FL – 19 May 2020 – A $3B in asset sized Florida Credit Union received undesired national press attention this week for repossessing a nurse’s car after offering her a loan modification and reneging after discovering that her loan was late as the result of a $0.66 shortage in monthly payments over several months.
Repossess – Repossession – Repossession Agency – Repossessor






More Stories
Auto Lending Accelerates as Borrower Credit Quality Slips
After the Repo: When Does a Credit Union Finally Admit the Loss?
Auto Lending Is Moving Down the Credit Risk Ladder – Collections and Repo May Follow
Holmes Motors to Pay $137,000 Over Alleged Violations of Servicemembers’ Vehicle Lease Rights
Credit Unions Can Now Share More Fraud Intelligence Than Ever Before
Feds Charge 83-Year-Old Woman in Alleged $10 Million Auto Lending Ponzi Scheme