To schedule an appointment call 803-326-1860. View current repossessions, request more information and submit offers.Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. How does repossession impact your credit? A letter from the insurance company stating the vehicle was stolen and not recovered, including date of theft and vehicle information. REPOSSESSION. 1. If you miss too many car payments, your lender can take it away through car repossession. Learn how car repos work and how to avoid them. Question: My car repossessed for late payment and I don't have insurance on the car as of now. I have made my payment to release my car. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report.