When can a creditor repossess your car in Oregon?

* You have defaulted on your loan payments

* The creditor has a valid security interest in your car

* The creditor has given you notice of their intent to repossess your car

* The creditor waits for at least 10 business days after giving you the notice

The creditor can repossess your car without a court order. However, they must do so peacefully and without causing any damage to your property. If you are served notice that your car is going to be repossessed, you should immediately contact the creditor and try to work out a payment agreement. If you cannot reach an agreement, you may want to consider filing for bankruptcy. Bankruptcy will stop the repossession process and give you time to work out a payment plan.