On the other hand, if the credit provider wants to litigate and get a court order for the repossession of the vehicle, a summons must first be served on you. A court date will be set, where you can present your case.
This is one more reason to ensure that your credit provider always has your latest address on file, for without it the summons will still be served but you won’t know about it. Subsequently, you will also not know about the court date or be able to appeal your case in court.
If you tried to negotiate with the service provider for an adjusted payment plan, the Magistrate might understand and there could be some sort of leniency in the matter, possibly suggesting a reduced monthly premium over a longer period, to accommodate both parties.
However, if there is no record of negotiations, the vehicle may be awarded to the creditor to sell at any cost they deem reasonable to cover their expenses – and you may still end up paying the shortfall if it was sold for less than your outstanding balance.