Repo a Servicemember’s Car Without Necessary Court Orders? Bad Idea
HSBC has learned the hard way that repossessing 75 cars owned by protected servicemembers without obtaining the necessary court orders can be expensive. Like about $6,000 per car expensive. It's not like the company could claim it didn't know that the borrower was a protected servicemember. In one case, for example, HSBC continued with a repossession after learning that an initial attempt was unsuccessful because guards would not allow the repo truck to enter a secured military post where the car was located. [8/9/16]
