Repossion
I am injured an unable to work, I owe money for personal loans , can the finance company take my car? it is 7 years old and not financed, it is the only thing I acually own. it was not used as colateral.
Re: Repossion
Probably not. If you owe money for "secured" loans, they can take whatever the "security" it. If the debt is "unsecured", the company would have to 1)get a judgment, and 2) collect on that judgment.
The only way I can see you losing your car, is if they sue you, get a judgment and are angry enough at you to have sheriff's sale go forward at which time your car would be available.
