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 …

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 …

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, …

Jun 14, 2024 · If you fall behind on your car's monthly payment, your lender can take it back. Learn what car repossession is, how to avoid it, and how to get your car back.

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 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 …

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.

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 …

Aug 29, 2023 · Repossession happens when your lender or leasing company takes your vehicle away because you've missed some payments on your loan or lease—and it can occur without …