I Brought My Account Current But My Car Got Repossessed Anyway. – Nelson

“Dear Steve,

I make a payment on saturday at a shared branch of my credit union that brought my account current and the receipt stated my next payment is due 4/28; however, my car was repossessed this morning. can the bank actually do that?

is it wrongful repossession after bring your account current and your vehicle get repossed two days later?


Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Dear Nelson,

It simply sounds like the repo order was already in the works and the payment posting crossed. Payments can be delayed in posting, especially from small shared locations where updates may not happen the same day.

Contact your lender this morning, without a nasty attitude, and your car should be returned without a problem.

Also, ask them what needs to happen in the future to avoid this problem.


Please post your responses and follow-up messages to me on this in the comments section below.

Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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