Learn everything about the bridgecrest repossession process, from start to finish, and how to protect your vehicle.
Let’s face it, falling before auto payments is stressful. The study of a hitch truck showing up at your door can indeed make the calmest person panic.However, take a deep breath you’re not alone, and there’s a clear way to understand what’s passing and what you can do about it, If you’re in that spot right now. This companion breaks down the Bridgecrest reclamation process in a straightforward, no- gibberish way, covering every stage from missed payments to post-reposession options so you can act snappily and with confidence.
Bridgecrest Repossession Process: Quick Summary
Before diving into the details, here’s a quick snapshot to ease your anxiety:
- How many payments before repossession? Usually after one missed payment, though repossession typically occurs after 30–60 days of delinquency.
- Do they give notice? Sometimes, but not always, some states don’t require advance notice.
- Is court approval needed? No. Repossession can happen without a court order.
- What happens after repossession? You’ll receive a notice with instructions for reinstatement, redemption, or information about auction/sale dates.
Step-by-Step Breakdown of the Repossession Process
Here’s what typically happens when Bridgecrest moves toward repossessing a vehicle, and what you can do at each stage.
Step 1: Missed Payment
The process usually starts with one missed payment. Life throws curveballs, medical bills, unexpected expenses, or just an overlooked due date.
- Bridgecrest’s action: Flags the account as past due and applies late fees.
- Timeline: Immediately after the due date.
- What you can do: Make the payment or contact Bridgecrest to discuss temporary solutions.
Tip: Calling sooner rather than later can slow things down. Silence often accelerates the process.
Step 2: Account Default
If the missed payment isn’t resolved, your account enters default.
- Bridgecrest’s action: Late fees accumulate, and the account is closely monitored.
- Timeline: Typically 15–30 days past due.
- Your options:
- Request a hardship review.
- Ask about a payment plan.
- Confirm if repossession authorization has occurred.
This is the most critical time to act.
Step 3: Repossession Authorization
At this stage, Bridgecrest may authorize a third-party company to repossess your vehicle.
- Timeline: Usually 30–60 days after the first missed payment.
- What you can still do:
- Pay the past-due balance in full to reinstate the loan.
- Negotiate a temporary payment arrangement if Bridgecrest allows.
Step 4: Vehicle Recovery
The vehicle is now at risk of being repossessed.
- Bridgecrest’s action: A repo agent may take the car without notice.
- Where it can happen: Public areas or open private property (no locked garages).
- What you can do:
- Avoid confrontation.
- Keep records of the repossession if needed.
Repossession is legal even at night, so preparation matters.
Step 5: Post-Repossession Notice
Once your car is repossessed, Bridgecrest sends a notice outlining next steps.
- What’s included:
- Total balance owed
- Reinstatement or redemption options
- Auction or sale date
- Timeline: Usually within a few days to two weeks.
- Your options:
- Reinstate the loan by paying what’s required.
- Redeem the car by settling the full loan balance.
- Review legal or financial advice for deficiency balances.
This notice gives you a limited window to act, so don’t ignore it.
Step 6: Sale or Auction
If no action is taken, Bridgecrest may sell your vehicle at auction.
- After the sale: Proceeds apply to your loan, and you may owe a remaining balance.
- What you can do: Check the accounting for accuracy and consider financial or legal assistance for remaining balances.
Typical Timeline for Repossession
Here’s a realistic timeline to help you plan:
- 1 missed payment: Account flagged as late
- 15–30 days late: Default status begins
- 30–60 days late: Repossession authorized
- After authorization: Vehicle can be taken at any time
- After repossession: Limited days to reinstate or redeem the vehicle
Think of it like a countdown the earlier you act, the more options you keep open.
Can You Stop a Bridgecrest Repossession?
Yes sometimes. It depends on timing and communication.
1. Payment Reinstatement
- Pay your past-due amounts plus any fees.
- Best chance is before repossession occurs.
2. Hardship Programs
- Request temporary arrangements or due date changes.
- Not guaranteed, but worth asking.
3. Voluntary Surrender vs. Forced Repossession
- Voluntary surrender: Less stress, fewer fees.
- Forced repossession: Higher costs, more credit impact.
4. Communicate Directly
- Call Bridgecrest calmly.
- Ask direct questions:
- Has repossession been authorized?
- What’s my reinstatement amount today?
- Has repossession been authorized?
Personal experience: Making that phone call early can save weeks of stress.
Borrower Rights Simplified
Here’s what you should know (general info check your state laws):
- Advance notice: Not always required.
- Repossession from private property: Allowed if no breach of peace.
- Breach of peace: Physical force, threats, or breaking into locked spaces. Document if this happens.
- Fees: Repossession, storage, and auction costs must be reasonable and lawful.
Frequently Asked Questions
Can Bridgecrest repossess at night?
Yes, legal repossession can occur at any time, provided there’s no breach of peace.
Can I get my car back?
Possibly, through reinstatement or redemption within a limited timeframe.
Will repossession ruin my credit?
It impacts your credit but the extent varies based on your overall credit profile.
Does Bridgecrest work with borrowers?
Yes, especially if you communicate early and proactively.
Calm Next Steps
Still, consider consulting a consumer rights attorney or a professional to understand your options, if your auto is formerly repossessed or you’re days down from it. Taking one informed step is better than staying in fear.
Final Thoughts
The Bridgecrest reclamation process does n’t have to feel like a riddle. Understanding the way, timelines, and your options gives you clarity and control exactly what you need when time is critical. By acting beforehand, communicating easily, and knowing your rights, you can handle this grueling situation with confidence.
Additional Resources
- Bridgecrest SEC Filing – 424B5 Prospectus : Formal document detailing Bridgecrest’s repossession policies, borrower rights, and loan servicing procedures.
