Surviving the Automobile Repro Craze

Most of us who are working people, the retired, and the conscientious have never felt the inconvenient pang of having our car repossessed. In 2009 in the U.S. it's becoming an accepted practice most of us wish couldn't happen. Of course if somebody just plain doesn't want to pay, from the financier's point of view, we justly deserve to forfeit our hard-earned, necessary and sought for automobile.

The auction houses have really become amazing with stockpiles of inventory, from the cracked tar and dirt parking lots in our heartland areas of business to the high class Hollywood look alike for a little bit of dignity in buying a used car.

When we really stop and think about it, it's ugly to have this happen to somebody we know, whether a co-worker, friend or relative. Or what about those who walk several miles to work daily for shame on us in this day and age. In fact some people are kind of nice about it and say "I'm on a diet" or "walking's healthy" or "it's a nice day for a walk." Certainly this isn't to be misconstrued with a recreational walk some would like to take without finding an excuse.

The fact is, people are lugging huge bags of groceries, unable to practice their religious faith other than in a closet, have dependable employment choices or even live a normal life in an industrialized nation as ours that produces so many cars it's hard to say if we can count them other than the access to the foreign cars we've been indebted to.

So has the requirements for buying cars or financing them become so rigid, and the repossession laws so lax that the automobile industry is hurting for dollars? The answer is, of course, "yes". So what to we do when it's out of control in our own lives or how do we take the first step? Phone calls, letters and faxes to commissioners? That's right, write to the consumer protection departments, call them, contact the trade commissions, start with some people who really have the ability to fix the doubled fees, harassing calls or lost payments. The consumer is not always wrong. Cars loans can be refinanced or modified, traded for another car, but it has to be done without arguments and undue pressure or by answering to intimidation tactics. It has to be dealt with and not to be ignored. When you receive a letter of repossession intended for your car, your mobility and your freedom to chose where you eat, sleep and work, are at stake and it's time to go into action.

The authorities and car sellers will take your car if they believe there is a reason to. There are no extenuating circumstances in this vicious cycle. It's a reality, we owe and we are out of luck. So whatever it is you have to do to make things work, don't hesitate.

Currently the auto loan 60-days past-due figures have risen another 17% in the first quarter of 2009 according to wire sources. Once you're down and out it gets worse. Don't let it happen to you. Talk to the experts and get somebody who knows the laws to help you out before it's too late.