How to Stop Repossession
If your car is up for repossession you've probably been haven't been paying your loan payment for several months. Though all of the letters and annoying phone calls from your finance company are probably driving you up a wall you'd probably rather put up with them then live without your car. Even if you've tried everything with your finance company to try and stop repossession if you didn't make the payments they're going to issue a repo order. Don't worry, there are still ways you can delay or even stop repossession even after a repossession order has been issued.
They best method would probably be to simply call your finance company. If you keep the lines of communication open with your finance company and they know you're willing to work with them then they're less likely to even issue a repossession order at all. Even if they already have calling them and asking them to delay the repo for a period of time may actually work.
Another of the most common methods to stop repossession is to keep your car somewhere it can't be found. So the logical thing to do is to keep it at a friend's house. Most finance companies keep your original loan application that may have references, and addresses of a friend or family member so avoid using those addresses as a safe haven for your car.
In addition to the obvious you might want to think outside of the box to stop repossession. If you know ahead of time that you're soon going to be behind on your payment contact your finance company and tell them you are thinking of refinancing your car you want a letter stating the payments are current. Hold onto this note and if the unfortunate happens and your car is assigned for repossession you can show the "repo man" the letter and explain to them that were down at the finance company that morning and everything was taken care of. It's a long shot and probably won't stop repossession but will probably give you a little time to think of something else.
These methods may not work in every case but at the least the repossession firm will have to think twice before they get your car. Keep in mind to that even though you are going to try your best to stop repossession the repossession firm that has you car on their list will probably try just as hard to get your car. This is how they make a living. The not only want to get paid but they want to keep a good relationship with the finance company so you can rest assure they will try everything possible to get your car.
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You can talk to the bank all you want to, but if they don't like what you have to say any communication you have with them is going to be seen as an opportunity to obtain all the info they can on you. Where you live, work, home phone or anything else they can use to locate your vehicle. They may tell you anything but until they are paid they are going to be looking for your car. I was a repoman for over 10 years ad there was no document you could show me that would make me not pick it up except bankruptcy papers showing you had filed or in most cases a clear title with your name on it. If you are going to hide it you had better know what you are doing or it will just be a waste of time. Everything you could want or need to know can be found in a book called "What the repoman doesn't want you to know" and that is exactly what it is EVERYTHING just go to stopautorepo.com to get the answer to any question you may have.
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