PrintYou should avoid repossession if you can.
To stop a repossession you can:
- Get your payments up to date. Pay your missed payments within 21 days of the date on the “Rights of Defaulting Buyer” notice.
- Ask the lender for more time to make the payment.
- Ask the lender for a repayment plan to help catch up with missed payments.
- Pay off the full amount you owe by getting another loan. Or
- File for bankruptcy. If you file for bankruptcy you can sometimes stop a repossession. See Bankruptcy.
- If your loan is less than 5 years, you may be able to use bankruptcy to lower the payments.
Your lender cannot "breach the peace" to repossess a vehicle. What does "breach the peace" mean? Your lender cannot break into a locked garage to take the car.
You have the right to an interpreter