How Do I Get My Car Out of Forfeiture?

Getting your car out of forfeiture is possible, but it takes persistence and follow through. It is your responsibility to communicate with your lender. Without consistent communication, your lender will repossess your car. When talking with your lender, you have to have something to offer, such as money on a specific date, and a plan to get caught up on the total you owe. Be prepared to pay more than your normal payment.

Instructions

1

Call your lender. Ask what is required to keep your car and what options are available. Offer an alternative solution if you are unable to fulfill any of the options given to you by your lender. Remember that your lender may not be able to agree to your option.

2

Follow up with your lender at least every other day. Your lender may not have an answer for you in terms of your options right away.

3

Pay on your plan as required. Keep in touch with your lender if you need to change your plan. If you default on your plan, your lender won't hesitate to repossess your car.

4

Prepare to pay some money at the time you implement a plan with your lender. More than likely, your lender will want to have some cash down when writing a repayment plan for you to demonstrate your willingness to pay.