"Can A Creditor Take My Car"
If you're struggling to make ends meet, you may be wondering if your creditors can take your car. The answer is, it depends. Here's what you need to know about how creditors can repo your ride.
If you're behind on your payments, your creditor may try to repossess your vehicle. In most states, the creditor must first send you a written notice of their intent to repossess. If you're still unable to make payments, the creditor may then hire a repo company to take back your vehicle.
In some cases, however, the creditor doesn't need to give you any notice before taking your car. This is typically true if you've given them written permission to do so (such as in a voluntary repossession agreement).
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