Repossessed: Pandemic-related moratoriums for car repos expire
The number of Americans with auto loans is at a record high; consumers face repossessions with financial struggles
Repossessed By Sandra Jones | February 4, 2021 at 4:36 PM CST - Updated February 10 at 1:11 AM
(InvestigateTV) - Briana Bellinger-Dawson was caught off guard when she couldn’t find her car in the parking lot outside of a grocery store last spring.
“I thought my car was stolen, and my heart was racing,” Bellinger-Dawson said. “I usually know exactly where I park. So, I kind of freaked out just a little bit.”
In March of last year, at the start of the pandemic, Bellinger-Dawson discovered that her 2017 Nissan Rogue had been repossessed by the bank.
While debt burden imposed by China on many countries has been in news for long, Nigeria is faced with a problem that is both ecological and financial. Nigeria has a loan of USD 6.5 billion from China. This has resulted in debt burden for China. The loan amount is so huge that Nigeria can only repay it in 2 decades. A failure to repay the debt means that Nigeria will have to surrender its oil fields or coastal port authorities. Nigeria is world's 10th largest oil producer.
How to prioritize debt payments in the pandemic
Elaine Thompson/ASSOCIATED PRESS
FILE - In this Nov. 2, 2009 file photo, a customer swipes a MasterCard debit card through a machine while checking-out at a shop in Seattle. Congress may be poised to tighten restrictions on the fees that businesses pay when customers make debit card payments. It s part of a broader financial overhaul that could be a victory for merchants, and caused credit card company stocks to drop on Friday. (AP Photo/Elaine Thompson, file)
By: Liz Weston, Nerd Wallet
Posted at 8:18 PM, Feb 04, 2021
and last updated 2021-02-04 23:25:21-05
A singular crisis has led to extraordinary relief options for borrowers. Interest and payments have been paused on federal student loans. Homeowners can request nearly a year of mortgage forbearance. Credit card issuers and other lenders dramatically expanded hardship programs.