Repossession is triggered by one of two things. Missing a car payment per the contract repayment schedule, even by a day, is legal cause for repossession. Most car creditors won’t be this harsh, but they can be. Also a legal cause for repossession is failure to maintain proper insurance coverage on the car if insurance was written into the loan contract. Either way, the creditor will not have much faith that you will be able to make good on the agreement.
Once you enter the car repossession process, your options are limited and almost universally costly. The creditor can have your car repossessed and towed without even notifying you. If they wer e kind enough to let you know they were coming, you could at least save yourself being charged for towing costs by turning the car in voluntarily. You cannot hide the car or lock it in a garage. This is likely illegal in your state; however credit-yogi.com can help you stop the bank car repossessions legally and affordably like we have done for thousands. Get Auto Repossession Help Here