For example, in some states, a collection agency may need to obtain a judgment against you before it can repossess your vehicle. In other states, a collection agency may be able to repossess your vehicle without a court order if you have defaulted on your loan payments.
If you are concerned that a collection agency may repossess your vehicle, you should speak to an attorney. An attorney can help you understand your rights and options.
Here are some tips for avoiding vehicle repossession:
* Make your loan payments on time.
* If you are unable to make your loan payments, contact your lender and discuss your options.
* Do not ignore any letters or phone calls from your lender or collection agency.
* If you are served with a court order or other legal documents, read them carefully and respond as directed.
* Speak to an attorney if you have any questions or concerns about vehicle repossession.
