Call the local sheriff. If the borrower is attempting to conceal the vehicle, give the sheriff's department the make, model and license plate number. In some instances of concealment or a lack of cooperation by the borrower, the repossession agency will have the sheriff's department enforce the repossession.
Instructions
1. Contact the repossession agency. If you know the name of the repossessing agency, phone it and provide the car's location. Or send a letter to the repossession agency describing the location of the vehicle.
2. Phone the lender and disclose the location of the collateral automobile. If you know the lender's business name, look up the company's number and address in the phone book. Phone the bank or credit union and tell the representative the loan is in default and give the car's location.
3.Repossession is the event of, "captivating back of Belongings by a lender or seller from the borrower or buyer, normally due to default," according to Investor Passage.com. In public, when a consumer-borrower applies of an machine loan, the name is held by the lender until the loan is fully amortized. This is familiar as a secured loan, being the vehivle is considered collateral. Whether the borrower does not dash off scheduled payments, the lender can sieze or repossess the collateral.
