Chicago Lenders Reposessed my car, didnt report it to the police and then told me I had to wait a week to get it back because they didnt know where it was!! Really? Mesa, Arizona

Hi, My vehicle was just repoed today by Chicago Lenders. Do they give you the option to get it back?

Hello, my car was repoed by Chicago Lenders today. I've noticed similar experiences. Can anyone please tell me if they can reinstate/return the vehicle to you if you pay the past due amount. Or what are the options they provide to you in the event of a repo by them??

Thanks.

The car is "security" for the money they loaned you.  In other words, they first want your money, but if you don't make your payments on time, everytime,  they will pick up the car.  That is the same for any car loan no matter who its with.  They lender is under no obligation to tell you anything about when the car is going to be picked up.  Why?  Because too many loosers would destroy, damage or attempt to hide the car.  The fact you know you are late is enough warning you need.  Late means the payment is/was not made on or before the due date.  15 days is late as is 31 days and one day.  ANYTIME you are late, you are looking down the barrel of repossession. 

Much of this is contained in the contract you signed, if you even read it.

There is nothing "bootleg" about any of this.  That's exactly how the world of credit and finance operates.  The lender agrees to lend you the money to purchase the product and in return you agree to make every payment on time and everytime.  The lender is under ZERO obligation to make "allowances" or special arrangements with you.  All they are interested in is their money because that is what you agreed to take from them with your promise to pay back every cent on time, everytime. 

You can forget about the so-called "Better" Business Bureau.  The BBB is NOT a government agency and their main con-game is to snow you with little bits of information while running a phoney accreditation scheme whereby anybody can buy an "accreditation" just like buying a phoney college degree.  The BBB does not and will not care about you or your problems.  The BBB is an industrial strength SCAM!