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Facts for Consumers: Vehicle Repossession
This fact sheet provides an overview of the processes of seizure and selling of a repossessed car, paying the deficiency after the car is sold, and tips for prevention of repossession through negotiation with the creditor. From the Federal Trade Commission (FTC).
http://www.ftc.gov/bcp/edu/pubs/consumer/autos/aut14.shtm
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