Vehicles in California can be repossessed after a default in the contract of just one day, including a missed payment or a lapse in car insurance, according to attorney Jay S. Fleischman. Car finance companies and a regi... More »

In the state of Texas, creditors do not have to give notice before repossessing a car due to missed payments or not having adequate car insurance, as of 2015, according to AVVO. However, some Texas laws require the car o... More »

A statute called the Texas Business and Commerce Code Section 9.609 says a creditor can use self-help repossession but can only seize collateral if it can be done without a breach of the peace, according to Weber Law Fir... More »

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Collecting a default judgment in Texas is possible through a garnishment lawsuit, abstracts of judgment or through the debtor's simple payment, according to the Law Office of Tom M. Thomas II. A debtor with a default jud... More »

Three options exist for getting a car back after repossession: redeeming the car or reinstating the loan (if legal in your state or in your contract), bidding on the car at the auction and negotiating with the creditor. ... More »

According to the Oklahoma law office of Mitchell and Hammond, if an individual in Oklahoma leases or purchases an item on credit and fails to make the agreed upon payments, creditors have the right to seek legal action f... More »

After a car is repossessed, the repossession company takes it to its lot, reports CNN. After that, the fate of the car varies with state law. Some states require the lender to tell the owner of the car the fate of the ca... More »