Skip to main content
index page

Repossession of property

Submitted by on Mon, 08/11/2008 - 17:45
Posts: 202330
Credits:
[Donate]

If other valuable items of personal property were in the car at the time of the repossession, can the creditor keep the items or resell them to satisfy the debt?


They only have a lien on the car ... not your other personal property ... so no, they cannot keep anything left inside the vehicle.

(HOWEVER, they CAN keep any "permanent fixtures" or accessions that you added to the car ... like in-dash CD player or rims, for example).

They generally have to give you the option to pickup your personal property. Like others have said, they will probably escort you to make sure you don't have an extra set of keys and try to drive away with the car.


Submitted by DebtCruncher on Tue, 08/12/2008 - 19:45

DebtCruncher

( Posts: 2293 | Credits: )