[Knock knock] Aunty: Who’s this calling at hour of the Shortland Street?
Repossession agent: Good evening, are you Herman Faleafa?
Herman: Maybe…… What’s this about?
Repossession agent: Oh, silly me. Where are my manners. I’m Chip Blockinson from Your Stuff, Our Stuff. You would of received a repossession warning notice in the mail a few weeks ago in relation to several payments on your car loan with Awesome As Cars LMDV.
Herman: Uh… I’m not sure?
Repossession agent: Yes, a letter was sent. Here’s a copy of it here if you wanted to take another look. It has a list of secured items I can take to pay off your loan.
Herman: No, it’s okay I read it. But the car’s still in pieces over at my cousins workshop. I had a bit of a run in with an ice cream truck.
Oh! Hello, I’m Chip Blockinson.
Aunty: Hmmm, Let me see that list.
Repossession agent: As I was explaining to Mr Faleafa, the repossession warning notice tells you how much you are in default, on your car loan with Awesome as cars. Which is... uh yes here it is, eight thousand dollars and 50 cents.
Aunty: Eight thousand dollars!?
Repossession agent: And, fifty cents.
Aunty: How does this happen, Herman?
Herman: The car’s busted and I got a bit behind in the payments, Sorry Aunty.
Repossession agent: So now you understand I have the rights to take your personal effects.
Aunty: Only the items listed here.
Repossession agent: Yes, of course.
Aunty: The ridiculously large television isn’t on your list, young man.
Repossession agent: Oh, silly me. You’re quite right.
Aunty: No no no no no no no no no, not the heater. Under the new law, you can’t take essential items. Last time I checked, heating was pretty essential.
Repossession agent: Actually I was just shifting the heater so I can get to the couch.
Herman: I’ll get you a cushion, Aunty.
Narrator: Repossession is a difficult situation. Even if you end up having your goods repossessed, repossession agents have to give warnings and follow the rules, including limits on what they can and cannot take. It is a good idea to take care when listing the items you list as security.