repo

The Associated Press reports that "Driven to desperation, a growing number of financially strapped car owners are torching, sinking or ditching their vehicles and then reporting them stolen to cash in on the insurance." In Las Vegas, car insurance fraud cases are up more than threefold and other...

While car dealers are apparently more willing than ever to make it easier for people to buy cars they can't afford with 7-year loans, lenders are also busy repossessing cars at the highest rate in more than a decade.Thomas Webb, chief economist for a unit of Atlanta-based Manheim told the USA Today...