Dec 18, 2025 · If you agree to a “voluntary repossession,” you might pay less in fees. But even if you return the car voluntarily, you’re still responsible for paying the difference between what …

Sep 12, 2023 · Losing a car to repossession can be financially and emotionally difficult. However, you do have certain rights and protections if your car has been repossessed because you …

Oct 21, 2025 · If you’re facing a car repossession or you’re already behind on payments and think your car could get repossessed soon, the WorkMoney team shows you how to handle it and …

Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property in question back from the party …

Jul 24, 2024 · Taking the collateral is called "repossession." Repossessions are usually "self-help," which means the creditor takes the item without getting a court order ahead of time.

Repossession occurs when your lender seizes an asset — known as collateral — that's tied to a secured loan. Many different assets can be repossessed, including cars and other vehicles, …

Nov 19, 2025 · Lenders can reclaim a vehicle from a borrower who is unable to make loan payments. Learn more about the car repossession process and what to expect.

It's the sudden, often jarring moment when a lender takes back property used to secure a loan because the borrower has failed to make payments. It’s a powerful legal tool for lenders, but it …

Oct 12, 2025 · Car repossession happens fast, often without warning. Learn how it works, your rights, and options to stop it—or even get your car back—before it’s too late.

Jul 11, 2025 · Repossession is a legal process allowing a lender to recover property, such as a vehicle, when a borrower defaults on a secured loan. This remedy allows a creditor to take …