Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. This "Notice of Intent to Repossess" is usually used AFTER the three "Notices of Past Due.The following are guidelines to help you formulate a repossession policy for the credit union to follow. 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. Dochub is the greatest editor for changing your forms online. Next, fill in your information as the borrower, and then provide the lender's name and address. The car is the collateral for the loan, and you give the lender a security interest in the vehicle. Negotiate a new payment plan. Create a free account, set a strong password, and go through email verification to start managing your forms. 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.