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?


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.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Damon Day - Pro Debt Coach

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