I think that they can repossess your car. Your loan has been charged off two years ago. That means the creditor has already shown your account as a loss in its financial record. However, a charge off does not mean that you are completely forgiven the debt, so then you should work out a new payment plan with the creditor. If you are unable to convince them and pay off the debt which then will be displayed as 'charged-off-settled' or 'paid', they can use various unfair means to seize your car.
repossession of charged off car
Hi lowkeynaki,
I think that they can repossess your car. Your loan has been charged off two years ago. That means the creditor has already shown your account as a loss in its financial record. However, a charge off does not mean that you are completely forgiven the debt, so then you should work out a new payment plan with the creditor. If you are unable to convince them and pay off the debt which then will be displayed as 'charged-off-settled' or 'paid', they can use various unfair means to seize your car.