Just face it, if you are a spendthrift and your credit record is poor or you have missed payments and you have also filled in a lot of loan applications — you are no different from a lot of other people.

If the lender has not followed your state’s car repossession laws to the letter, they can be prohibited from collecting any judgment in court or wage garnishment for that matter if a lawsuit is brought against you for the deficiency. You have rights as a consumer before, during and after repossession and it is up to you to exercise them.