Car loan charge off: Can it be repossessed?

I needed to add... I can pay the entire amount in 2 weeks. Will my car likely be repossessed during this time? I owe $1800.

Call your loan company and ask them? Hard to say what will happen.

I believe I would call and try and make payment arrangements with them. With them having the title I don't know what they can do. Call them

It also depends on what the car is worth....it may not be worth the money to repo and resell

Definately call and see what the bank says.

Technically, any time an account is defaulted, they will be able to repossess the vehicle.

Before repo, they usually weight their options. Like soaplady said, how much can they expect to resell the car for? Sometimes it costs more to repo than it sells for, in which case they end up losing even more money. So it is relatively common for a creditor to chargeoff the account and "hold the title" without ever repossessing it. In that case, if you ever want to sell or trade in the car, you'll have to pay them off to get your title back.

If you can pay it, I would say to call them and tell them you can pay it in two weeks. That way they'll at least note your account, and it wouldn't make sense for them to repo while knowing you are going to pay it off (they've waited this long ... what's another two weeks?)