"Repossession Affects Your Credit Score", says Auto Relief Group - 0 views
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Tony An on 20 Jan 10Repossession is a term generally used when banks and other financial institutions take back an object that was given to an individual as rent, lease, etc. The party who has the 'right of ownership' takes the object from the party with the 'right of possession' when this party fails to pay the periodical amount to the other party. Car/ auto repossession is the most common of all types.