Illinois Repossession Service

Speedy Repo has repossessors and repossession agents throughout the State of Illinois.

Click below to order a repossession in Illinois.

The state of Illinois does require that any company or individual performing repossession services be licensed by the Illinois Commerce Commission. Illinois also requires that repossessors notify local law enforcement before any repossession is performed. The law also requires that once the repossession is completed that local law enforcement be notified within 30 minutes of the repossession being completed. Illinois is not a right to cure state, so lenders are not required to notify a consumer prior to repossessing any collateral. Exceptions to this are if the promissory note requires the lender to notify a consumer prior to repossession or if the promissory note was signed in a state that requires the lender to notify  a consumer prior to repossession. Federal law does require that there is no breach of the peace while any repossession is taking place. Lenders must provide debtors 15 days to pay the balance in full plus all repossession costs in order for the debtor to get the collateral back. This is called "The right to redeem".

Can't find your lost collateral? Chances are that our license plate reader system already knows where your collateral is right now! That's a bold statement, but it's true. Speedy Repo has stationary and mobile license plate reader camera systems across the state of Illinois. If you didn't know, this is how they work: Every time a car passes by one of our license plate reader cameras the system automatically takes a picture of the license plate. The system then converts the numbers and letters into searchable text, this is called "Optical Character Recognition". The system also records the date, time and GPS coordinates of where the license plate was photographed. All of this data is transmitted and stored in our centralized computer system. We are able to search by license plates to see where and when that has been sighted. This is how we are able to make the statement that "Our computer already knows where your collateral is".

Speedy Repo performs a large number of private party repossessions in Illinois. A private party repossession is defined as any repossession occurring outside the typical Lender -Debtor relationship. Examples of a private party repo are: You are a business owner and your employee takes off with your work truck. or You lend your brother your vehicle for a day, one week later he has not returned your vehicle and stopped taking your phone calls. You try to get the police involved but they tell you that since you handed them the keys, it is not a criminal matter, it is a civil matter and you need to hire a lawyer. The problem with that is that you pay an attorney $5K to get a court order then you still have to hire and pay a repossessor to locate and repo your vehicle. You can cut the lawyer out of the picture and hire Speedy Repo directly. Call us today to find out how we can help you.

Illinois Repo Offices- Addison Aledo Algonquin Alsip Alton Anna Antioch Arlington Heights Aurora Barrington Bartlett Batavia Beardstown Belleville Bellwood Belvidere Bensenville Benton Berwyn Bethalto Bloomingdale Bloomington Blue Island Bolingbrook Bourbonnais Bradley Breese Bridgeview Broadview Brookfield Buffalo Grove Burbank Burr Ridge Calumet City Canton Carbondale Carlinville Carlyle Carmi Carol Stream Carpentersville Carterville Carthage Cary Centralia Champaign Charleston Chatham Chester Chicago Chicago Heights Chicago Ridge Chillicothe Cicero Clarendon Hills Clinton Collinsville Columbia Country Club Hills Crete Crystal Lake Danville Darien Decatur Deerfield Dekalb Des Plaines Dixon Dolton Downers Grove Du Quoin Dundee East Alton East Moline East Peoria East Saint Louis Edwardsville Effingham Elburn Elgin Elk Grove Village Elmhurst Elmwood Park Eureka Evanston Evergreen Park Fairfield Fairview Heights Flora Flossmoor Forest Park Fox Lake Frankfort Franklin Park Freeport Galena Galesburg Geneseo Geneva Glen Carbon Glen Ellyn Glencoe Glendale Heights Glenview Godfrey Granite City Grayslake Greenville Gurnee Harrisburg Harvard Harvey Havana Hazel Crest Herrin Hickory Hills Highland Highland Park Hillsboro Hillside Hinsdale Homewood Hoopeston Huntley Itasca Jacksonville Jerseyville Joliet Kankakee Kewanee La Grange La Grange Park La Salle Lake Bluff Lake Forest Lake In the Hills Lake Villa Lake Zurich Lansing Lemont Libertyville Lincoln Lincolnshire Lincolnwood Lisle Litchfield Lockport Lombard Loves Park Lyons MacHesney Park MacOmb Mahomet Marengo Marion Marseilles Marshall Matteson Mattoon Maywood Mc Leansboro McHenry Melrose Park Mendota Metamora Metropolis Midlothian Milan Mokena Moline Monee Monmouth Montgomery Monticello Morris Morrison Morton Morton Grove Mount Carmel Mount Prospect Mount Vernon Mundelein Murphysboro Naperville Nashville New Lenox Newton Niles Normal North Aurora North Chicago Northbrook O Fallon Oak Brook Oak Forest Oak Lawn Oak Park Olney Olympia Fields Oregon Orland Park Oswego Ottawa Palatine Palos Heights Palos Hills Palos Park Pana Paris Park Forest Park Ridge Pekin Peoria Peru Petersburg Pinckneyville Pittsfield Plainfield Plano Pontiac Princeton Prospect Heights Quincy Rantoul Red Bud River Forest River Grove Riverdale Riverside Robinson Rochelle Rock Falls Rock Island Rockford Rolling Meadows Romeoville Roscoe Roselle Round Lake Rushville Saint Charles Salem Sandwich Savanna Schaumburg Schiller Park Shelbyville Silvis Skokie South Beloit South Elgin South Holland Sparta Spring Grove Springfield Sterling Streamwood Streator Sullivan Summit Argo Sumner Sycamore Taylorville Tinley Park Troy Tuscola Urbana Vandalia Vernon Hills Villa Park Warrenville Washington Waterloo Watseka Wauconda Waukegan West Chicago West Frankfort Westchester Western Springs Westmont Wheaton Wheeling Wilmette Wilmington Winfield Winnetka Wood Dale Wood River Woodridge Woodstock Worth Yorkville Zion

Illinois Repossession Title State: Repossessor License and Repossession Registration information refer to: Illinois Secretary of State, Record Inquiry, Howlett Bldg., Room 408, Springfield, Illinois 62756

Illinois Repossessor Recording: Uniform Commercial Code adopted July, 1962. Recorded in the county where mortgagor resides or where repo property is located in Illinois.

Illinois Repossession Recovery: Peaceful repossession permitted in Illinois.

Illinois Repossession Redemption: Security agreements allow 21 days prior to date of repo sale by payment in full to repossessor.

Illinois Repossession Deficiency: Confession of repossession judgment is valid. Illinois Repossession Deficiency is permitted but if debtor has paid 50% of the contract price, resale bars suit for repossessor price.

Special Motor Vehicle Provisions: All Illinois Repossession liens must be noted to be effective and title is retained by lien holder. No other Illinois repossessor recording required.

Documents Required to Transfer Ownership of Motor Vehicle: Certificate of title in repossession lien holder's name, notarized Bill of Sale. Illinois Repossession Liens are released on the face of the title.

Illinois Repossession Plates: Remain with owner.