|
Repos rise as car-loan industry feels pinch
|
Tanya Englert's blue 2001 Jeep Grand Cherokee was repossessed in
December after she had made payments to own it for the previous 3 1/
2 years.
"The car had problems, a big repair bill," the Norwood, Ohio,
woman said. "Then I had a $400-a-month car payment, $100 a month for
insurance, $100 a month for parking. Gas hit $3 a gallon. It all
added up. I was just sick about it."
Englert, 40, a court reporter, is now dealing with the aftermath.
Because she still owed more than $10,000 a...
