Honolulu, HI asked in Bankruptcy, Consumer Law and Lemon Law for Hawaii

Q: I have defaulted on a car loan with Santander consumer USA. It’s been a year. Car still not repo. What do I do?

The loan has defaulted for a year now and my car still hasn’t been repossessed. What are my legal options? Should I do a voluntary repo?

1 Lawyer Answer
Timothy Denison
Timothy Denison
  • Bankruptcy Lawyer
  • Louisville, KY

A: Your legal options are: 1) bankruptcy; 2) borrow money and pay off the note; 3) sell the car and pay off the note; 4) don’t voluntarily repo bc it won’t reduce the debt by much. Even if repoed, you will still owe nearly the same amount.

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