People in Wisconsin rely on their vehicles on a daily basis. As a result, the prospect of losing your vehicle to repossession is very disheartening. It’s important for you to understand this process so you can identify whether your rights are being violated. In this case, Edmunds offers the following information on how repossessions occur.

A late payment can trigger a repossession. However, this usually occurs when a person has a history of late or missed payments. If it’s your first time in default, the lender may allow you to catch up with payments before taking possession of your vehicle. You can also contact the lender ahead of time if you’re in danger of a missed or late payment.

Once the process is started, the person conducting the repossession will use a number of different methods. In some cases, they may contact friends and loved ones to determine the address where the vehicle is located. They may also go through public records to pin down the loan holder, which occurs when the last known address is no longer valid. Once the car is taken it will be held for a 30-day period to allow the loan holder to remit outstanding payments.

While some people try to evade repossession, this usually only makes the process harder. For instance, hiding the vehicle, blocking it in, or even defacing it will only add to fees at the end of the day. This is because the loan holder is not only responsible for the outstanding balance but must also cover fees related to towing the vehicle. Additionally, you may still be on the hook even after the car is sold. This occurs when the sale of the vehicle brings in less money than is owed to the lender.