Monday, February 27, 2012

Car Repossessed? You Still Have Rights!

The physical repossession of a car is much easier than an eviction or a foreclosure.
In most finance agreements or lease agreements, the lending company has the right to repossess your vehicle if you miss your monthly payments.
We all know someone that has had a car repossessed. The towing company finds the vehicle somewhere and next thing you know, your car is gone.
They may have found your car at your house, at the mall, at work, or tracked it with the GPS device that some dealerships place on your vehicle without your knowledge.
Most people that have a car repossessed are not surprised. They know they missed their payments and played “cat and mouse” games with the repossession company and the lender. However, what most people do not expect is what may happen next, usually in the following order:
1. An

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