If you have defaulted on a payment of a vehicle, the original seller may repossess the car that you have not finished paying for. The vehicle is what’s known as “collateral” and the people you owe money to have the legal right to either have a court action against you or repossess the “collateral” by using a “repossession agent.”  If a repossession agent is hired,  the agents must not “breach the peace” when they show up to collect the unpaid vehicle...

How helpful do you find the information on this page?

Add comment

Table of Contents