Repossession Removal Services

A repossession occurs when a lender takes back a vehicle (or other financed asset) because the borrower has fallen behind on payments. Most auto loan contracts allow repossession after just one missed payment, though lenders typically wait until you're 60-90 days behind. After repossession, the lender sells the vehicle at auction. If the sale price doesn't cover your remaining loan balance plus repossession costs, you're responsible for the deficiency balance. On your credit report, a repossession appears as a serious derogatory mark and may be accompanied by a collection account for any deficiency balance.

We examine your repossession record for inaccuracies that could be disputed. Common errors include incorrect dates of delinquency, wrong balance amounts, improper reporting of voluntary versus involuntary repossession, and continued negative reporting after the statute of limitations has expired. We also review whether the lender followed proper procedures, as improper repossession practices can be grounds for dispute. If a deficiency balance was sent to collections, we can challenge both the repossession and the collection account.

A vehicle repossession can devastate your credit score, dropping it by 100 points or more and remaining on your report for seven years. Beyond the repossession itself, you may also face a deficiency balance if the vehicle sells for less than what you owed, which can lead to additional collections. Our repossession removal service helps you dispute inaccurate repossession entries and related accounts.