Repossessions on the rise in Carter Co.

By: Robin Beal Email
By: Robin Beal Email

ARDMORE, Okla. -- Imagine going out to your driveway to head to work, but your car is nowhere to be found. It is a situation more and more people are finding themselves in, but it isn't grand theft auto, they've been ‘repo-ed’.

Times may be getting tough for a lot of people, but your friendly neighborhood ‘repo man’ is probably not one of them.

Jason Sowards has been repossessing cars for eight years. He says in the last three years, he has seen a steady increase in people defaulting on their auto loans. Industry insiders blame too easy credit and a faltering economy.

"Most of them take their income tax checks or what have you and they go buy themselves a shiny new car, and the excitement of it is yeah we got the car, now let's go get this, let's go get that, and before you know it they're three or four months behind and I’m showing up at their door," Sowards says.

So what can you do if you are running from the repo man or are worried that you might be soon enough? Bankers and repossession specialists alike all say the same thing over and over again-- communicate with your lender. Tell them you are having tough times, and above all, do not go into hiding-- the repo man will find you.

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  • by midniteryder Location: Sherman on Apr 9, 2008 at 09:32 PM
    Troy- how are we in a depression? Please enlighten the rest of us, sicne you seem to be the all-knowing financial expert. We ain't even hit recession yet- we're a long ways from a depression. You sound like someone who DID get his car repo'ed.
  • by Mork Location: Ork on Apr 9, 2008 at 09:09 PM
    No Troy, I think we're a country full of people who want "instant gradification" and most of us live way above our means. Democrats, republicans, it don't matter. I don't think our political leaders made anyone go out and borrow money they can't pay back. And I bet most of these cars are purchased by folks who borrowed more than they could repay (especially after they went out and put them 20's on! LOL) Not everyone has to drive a new car and a car ain't gotta have a high dollar set of wheels - whoop!
  • by Troy Location: Denison on Apr 9, 2008 at 02:21 PM
    Face facts people your in a depression brought about by an arrogant illigitement Republican administration that dont give a d--m about the middle class American.Knowing what we know now would anybody in thier right mind have voted for this mess.Say what you want but I worked more and prospered during the 90s than now .But thats just my situation and opinion,how many more out there feel the same way?
  • by Redneck Woman Location: Sherman on Apr 9, 2008 at 09:19 AM
    Hee, hee. You're right Mork. And how many more don't have insurance?
  • by Mork Location: Ork on Apr 9, 2008 at 07:15 AM
    What do ya want to bet that most of these Repo's have a $3000 set of 20's on them.
  • by Republican in Ardmore Location: Ardmore on Apr 8, 2008 at 07:14 PM
    It's simple, make the payments and stay away from the crooks like Rabe and Kips Klunkers.
  • by Steve Location: Denison on Apr 8, 2008 at 05:13 PM
    Imagine buying a car you have to squeak buy to pay for... Imagine living beyond your means... Imagine having financial problems and NOT going to your lender about it...
  • by Anonymous on Apr 8, 2008 at 04:53 PM
    Why is this article just about Carter Co.? Reposessions are up everywhere...
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