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Sudden Car Repossession Surprise
- Robert woke up to find his car repossessed without any prior communication from the lender.
- He knew he was behind on payments but was shocked by the sudden repossession and loss of the car.
Act Fast to Reinstate Car
- To reclaim your repoed car, pay the past due amount plus fees within about 10 to 15 days.
- Find ways to quickly raise about $3,000 through overtime, selling items, or side gigs.
Short Window to Reinstate Loan
- You usually have a short window of about 10 to 15 days to catch up and reinstate your loan after repossession.
- If you miss this, the lender will sell your car and you may owe a large deficiency balance.