An African-American woman was arrested last month for fighting a car repossession. Is she part of a growing financial crisis?
A 33-year-old woman was arrested in Rancho Cordova last month after she refused to get out of a car that was being repossessed, according to the Sacramento County Sheriff’s Department.
Deputies responded to a disturbance involving the woman and the repo man on Gold River Road on the afternoon of July 17, an incident summary states.
According to the summary, the car had already been hooked and loaded onto a tow truck when the woman entered her vehicle and tried to drive it off the sled. When officers arrived, the woman allegedly locked herself in the car and initially refused to come out. She eventually opened the driver-side door, but still wouldn’t exit, the department alleges.
An officer grabbed the woman’s left hand, “placed it in a twist lock” and pulled her out of the vehicle, the incident summary states. She was handcuffed, taken to the jail and cited for resisting arrest, booking logs show.
Repossessions and auto loan debt are trending upward nationally. As of June of this year, 2.4 million cars had been repossessed, compared to 1.8 million in 2017, according to Title Loanser.
A report last year by the National Fair Housing Alliance revealed that white borrowers with weaker credit profiles received less expensive financing options from auto lenders than their non-white counterparts, who were more financially qualified. Booking logs identified the woman arrested last month as African-American.
According to the California Credit Union League, credit unions in Sacramento County dispensed $13.4 billion in loans over a 12-month period that ended Sept. 30, 2018, 9% higher than the previous year but still below the 2006 high of $7.3 billion. That included lending for new and used auto loans.