This article explains when and why your vehicle or property can be repossessed, your rights, and how you might get the property back. Texas repossession laws require a lender to have a valid lien on the vehicle to repossess without a court order.This form must be completed when a vehicle is repossessed. All fields are required to be completed. This page will provide an overview of Texas's Repossession Laws and what you should know if you've fallen behind on car payments. You must accept at least one form of electronic payment for release of the vehicle including debit cards and credit cards. This product provides you with the necessary letter(s) template for you to use in order to help remove vehicle repossessions from your credit report. The first thing you need to do is call your finance company. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. The answer depends on WHERE you live, and WHO financed your car, and what's in the finance contract.