Can a debt collector repo my car?

In Oregon, it depends. According to the Oregon Consumer Debt Defense Law, a debt collector can repossess your vehicle under certain circumstances. Generally, if you are in default of your loan agreement, the lender has the right to repossess your car. However, the law also states that if your loan agreement does not include a provision for repossession, then the debt collector does not have the right to repossess your vehicle. Additionally, the law states that the debt collector must have reasonable grounds to believe that repossessing the car is necessary in order to protect their interests. This means that they must have evidence that the loan is in default and that repossessing the car is likely the only way they can recover the debt. If the debt collector does not have sufficient evidence to support their grounds for repossession, then they cannot legally repossess your vehicle. Finally, the law also establishes rules for how the debt collector must repossess your vehicle in order for it to be considered legal. They must provide you with written notice of their intent to repossess at least 48 hours in advance. They must also follow all applicable state laws and regulations when repossessing your car. If the debt collector does not follow all of these rules, then they cannot legally repossess your car.

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