How Do You Get A A Repossessed Vehicle?
If you have missed even one payment on your car, it is possible that the lender who gave you your car loan has the right to repossess the vehicle. Miss two or three payments and you are almost guaranteed to end up with a repoman in your driveway. The majority of the time, you will receive a warning letter regarding the missed payment before your vehicle is repossessed, but the lender is not required to send one. And once your vehicle has been repossessed, getting it back isn’t easy. Call your lender immediately. States have different laws dictating what lenders must do with your car after repossession. Your lender may even be willing to work with you. Contact the consumer protection department in your state. Since laws vary from state to state, it is important to know what your rights are when it comes to getting your car back. Reinstate your loan. There are a few states where it is possible to get your car back by making up the back payments that you owe along with any expenses that t
