Car Repossession information from the NC Department of Justice. Helpful suggestions for those behind on car payments or facing automobile repossession.This page will provide an overview of North Carolina's Repossession Laws and what you should know if you've fallen behind on car payments. 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. Upon default, the lienholder often has the right to immediate repossession unless there is a "grace period" provided for in the language of the contract. I never received letters and they stop my online banking. Many states allow repossessors to enter private property to complete a repossession, so long as the taking is without breaching the peace. Repo's Allowed: If repossession discussed with debtor the secured party must give a ten-day notice otherwise peaceful repossession allowed. Certainly if there was a wrongful repossession here you may have claim for damages. Credit Unions usually repo vehicles unless a reaffirmation agreement is signed and that they cannot repo until the automatic stay is lifted.
