Can the lien holder repo my truck when payments and insurance are current?

Generally, a lienholder cannot repossess your truck if you are making your payments on time and keeping the insurance current. However, there may be some exceptions to this rule, so it is important to read your loan agreement carefully.

For example, some loan agreements may allow the lienholder to repossess your truck if you do not maintain the vehicle in good condition. Others may allow the lienholder to repossess your truck if you use it for illegal purposes.

If you are concerned about your lienholder repossessing your truck, you should contact the lienholder and ask them about their specific policies. You can also contact a consumer protection attorney for more information.

Here are some tips to help you avoid having your truck repossessed:

* Make your payments on time, every time.

* Keep the insurance on your truck current.

* Maintain the vehicle in good condition.

* Do not use your truck for illegal purposes.

* If you are having difficulty making your payments, contact your lienholder and see if they can work with you.