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If your car is repossessed how do they go about getting the rest of the money from you?

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Wiki User
2011-09-12 22:10:37

After the car is repoed, the lender will ask you very nicely 3

or 4 times to pay the balance on the loan. Each time they will

remind you that they have other legal remedies to use to collect.

If you cant/wont pay the balance due, they will use the other legal

remedies. Those may include: getting a judgment against you for the

amount due plus fees, garnisheement of your wages, attachment of

other property that you own.

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