How to Unlock a Car After a 10-Day Loan Default?

[DiJames]

Some lenders may remotely lock the vehicle via GPS. In such cases, the owner cannot unlock the car themselves and must negotiate with the lending company. Another type of GPS is used to locate the vehicle's position. If the borrower defaults on the loan, the lender can track the vehicle's location via GPS and have it towed away.

[VonDerek]

I've experienced having my car locked due to a 10-day overdue auto loan. The most important thing is to immediately contact the loan company's customer service. Back then, I called them directly to explain the situation, honestly admitted the overdue payment, and sincerely promised to repay that same day. After they confirmed receiving the payment, they remotely unlocked my car. Remember to pay off the principal, interest, and late fees when repaying - it's best to use bank transfer for documentation. The unlocking process may take anywhere from two hours to half a day, so be patient but remember to follow up with customer service. If your car gets towed to a parking lot, just bring your ID to sign an unlocking form after repayment. The longer you delay, the higher the penalty fees will be - handling it promptly is the wise choice. Set a repayment reminder or enable automatic payments in the future to avoid repeating this mistake.