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Can jewelery be repossesed

Updated: 8/17/2019
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15y ago

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jewelry can only be repossesed if it was used as collateral to back up a purchase or if it is being rented, leased, or financed by a banking institution. if it solely owned by you and already paid for in full, it will not be repossesed. In most cases, cars are most frequently repossesed, (because payments on the car loan or lease were not paid on time) and in some cases homes (mortgage payments late, missed, etc.) basically, make your payments, and make them on time regardless of the item.

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Q: Can jewelery be repossesed
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If you are late, depending on who you owe, you can get taken to a collection agency, charged fines and/or have your car repossesed. I actually know two people who couldn't do the payments, it may have been for a couple of months, and their cars were repossesed.


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no they can't they can only put a judgment against you for what you owed left on it


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To get back a repossesd boat one should get in contact with the institution that repossesed it and see if there is any way to get it back. It is possible that the institution will let you pick the payments back up, probably with a fee for being ate and being repossesed, then you can have your boat back.


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