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What Is Voluntary Repossession?

repossession Voluntary
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What Is Voluntary Repossession?

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Voluntarily returning the vehicle to the creditor may reduce your creditor’s expenses in retaking the car, and may reduce the amount you will owe the creditor. But remember, you will still be responsible for paying any deficiency on your loan, and your creditor may still enter the repossession on your credit report.

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Voluntarily returning the vehicle to the creditor may reduce your creditor’s expenses in retaking the car, and may reduce the amount you will owe the creditor.

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