Find out why the car was repossessed and what steps you need to take to get it back. The lender may be willing to work with you if you can make a one-time payment or sign up for a payment plan.
2. File a complaint with the Consumer Financial Protection Bureau (CFPB).
The CFPB is a government agency that helps protect consumers from unfair or deceptive practices by financial institutions. If you believe your car was repossessed in error, you can file a complaint with the CFPB online or by calling 1-855-411-CFPB (2372).
3. Get legal help.
If you're struggling to get your car back, you may need to talk to a lawyer. A lawyer can help you understand your rights and options, and can represent you if you need to take legal action against the lender.
4. Consider voluntary surrender.
If you can't afford to pay the loan or get your car back, you may want to consider voluntary surrender. Voluntary surrender means you give the car back to the lender and agree to forfeit the money you've already paid. This can damage your credit, but it may be a better option than having the car repossessed.
5. File for bankruptcy.
Bankruptcy is a legal process that can help you get out of debt. If you file for bankruptcy, the court may order the lender to return your car. Bankruptcy can have serious consequences, so you should only consider it if you're in extreme financial hardship.
