Defined:The return of an asset that was used to get a secured loan (a loan guaranteed by an asset), because repayment was not occurring.
How far are you in your understanding? I can:
1.0: Write a factual statement (not definition) concerning a repossession.
2.0: In your own word (not the teacher's), define repossession.
3.0: Why do you feel consumers make decisions that lead to repossession compared to making decisions based on patience? Explain.
4.0: Research what protections there are for consumers against aggressive car loans in the state of Nebraska? Give an example. (Help)