What to do if you are subjected to an unreasonable vehicle repossession

There is an article in the Indianapolis Star today reporting that a private investigator who sometimes does repossessions was alleged to have illegally impersonated a United States Marshall.

In my opinion, if a person impersonates a U.S. Marshall in the course of a vehicle repossession, the person who’s car was repossessed would have a dandy lawsuit against the lender and the repossession company.

If you have a vehicle repossessed, what you need to know is that every element of a repossession, and the subsequent sale of the vehicle must be commercially reasonable, and if it is not, you can sue the lender for an amount equal to the entire finance charge on the loan, plus 10% of the amount financed, plus you might have a defense to any balance owed on the loan when you are sued for a deficiency.

If you have a vehicle repossessed and you want to know your rights, contact a NACA consumer attorney in your area at www.consumeradvocates.org.