Repossession

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Repossession

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Ghoststowing01 17 Nov 2023

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Repossession is a legal process through which a lender reclaims possession of an asset, typically a vehicle or property, when a borrower fails to meet the terms of the loan agreement. This action is usually taken as a last resort by the lender after attempts to negotiate or work out an alt

Repossession is a legal process through which a lender reclaims possession of an asset, typically a vehicle or property, when a borrower fails to meet the terms of the loan agreement. This action is usually taken as a last resort by the lender after attempts to negotiate or work out an alternative arrangement have been unsuccessful.

#Recovery