Repossessions Archives

Your Rights Following A Car Repossession

In California, a consumer generally has two rights following a car repossession. The first right is to “reinstate” the contract by paying all amounts past due, plus any applicable delinquency charges, collection and repossession costs. Depending on the basis for the repossession, the consumer may be required to satisfy any liens or encumberances on the…

Car Repossessed, Now What?

If you have a car loan, the lender can repossess your car after a default through “self-help” repossession. This means the lender doesn’t need to file a lawsuit and can just send the repossession company to pick up your car. Self-help repossession is legal but drastic, and the law imposes strict requirements on creditors. Consider…

Late Payments & Repossessions

We receive a lot of inquiries from consumers who have had their cars repossessed before the deadline they verbally agreed to with a representative of the finance company. Often the finance company will defend the repossession on the grounds that they never made the agreement and in any event, the finance contract requires all…

Repo Madness Report

When you buy a car, your creditor can repossess it without going to court and first obtaining an order allowing for repossession. It’s called “self-help” rights. Contrast the substantial self-help rights of a creditor with the utter lack of rights of consumers to act without a court order. The protections afforded to consumers with respect…