Car repossessions at highest level since the '90s
USA Today reports that car repossessions are headed to the highest level they've been since the '90s. In addition, people are stretching out their loans way beyond the generally safe 42-month mark. A longer loan means that you're usually going to be upside down in your vehicle. This year, 1.6 million cars will be repossessed. Clark recently spoke with a man who does repossessions. These people have a very tough job, but they are just the messenger, not the message itself. It's not the lender in the fancy suit that does the dirty work of repossession.
