You're Getting Repoed___Or Maybe Not

This suddenly showed up in my drafts folder.Written some time ago. May be a repeat. Oh well.

Making payments on your ride? You don't own it; the "bank" owns it and is letting you buy it one month at a time. Stop making payments and the OWNER will make every effort to gain possession of their property. Your moral compass may differ from mine; to me, use of an other's property without compensation is theft.

The "bank" doesn't want your ride back. Talk to them. If nothing can be worked out bring them their property. This is in your long term best interest.

Being semi retired I don't look for this work. My only client finances cars with full recourse. You don't make the payments then he does so the "bank" avoids losses. He gets financing for people who can't qualify for conventional financing. Most people make their payments. When people fall behind he and his staff try to work with them and get them back on track. If not, he asks for the return on the vehicle. When they don't return the vehicle I get involved.

Recently I contacted an individual in NE Colorado at his home and politely asked for the car. He made threats backed up by a firearm. A few days later my assistant and I were in a nearby town to pick up a voluntary return when we spotted this individual pulling into Wally World. While he was shopping we were driving the car to the local police station to make our required report and give the police a copy of our paperwork.

Mr. Blivet comes out of Wally World with his groceries, wife and kids, thirty miles from home, to no car. He then needs to find a way to the impound yard to retrieve his work items. The impound yard collects the cost for my picking up the car before he can get his stuff. There is also the pending matter of threats he made against me in the presence of two police officers at one location and in front of an off duty deputy at another location. This man needs a glass belly button, so he can see where he is going.
.
Folks, please, don't let your problems get to the point of repossession. Your debt will get much bigger, your wallet will take an immediate hit, and you will be facing problems for many months to come. Mr. Repoman will get the collateral; you can take that to the bank.