Legal Question in Credit and Debt Law in Pennsylvania

Rights

What steps can a creditor take to repossess personal property?

Creditors may not repossess the personal property (collateral) on their own unless they can do so peacefully. In other words, you have the right to tell the creditor who comes to your door that he or she cannot have the property back and can't come into your home. It is unlawful for the creditor to enter your home or yard after you tell the creditor not to do so.

If you tell the creditor that she/he cannot take the property back and can�t come into your home to do so, the creditor will have to go to court to try to get the property back (but doing this might increase the final cost charged to you).

Creditors cannot take back the property unless there is a written security agreement signed by you that clearly identifies the property that can be taken back if you don�t pay.

If the creditor breaks the law in taking back your property, you have the right to sue the creditor in court

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