This page will provide an overview of Georgia's Repossession Laws and what you should know if you've fallen behind on car payments. Under Georgia law, if you fail to make your payments on time or default on other legal obligations, the creditor has the right to repossess the vehicle.16 Affidavit of Repossession (PDF, 88.48 KB) Department of Revenue How can we help? If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. The first step is to let the lender know that you can no longer make payments and want to voluntarily surrender the vehicle. So, items you purchased with a credit card can't be repossessed. Creditors Can't Repossess Property Named as Collateral in an Unenforceable Contract. If someone is financing their car through the dealership and they stop making payments, what can happen to that person's vehicle (repossession)? But your credit will likely take a hit, and you could still end up owing money on your auto loan. Thats called repossession.
