If a truck is 4 payments behind and the interest rate has gone up to 20+ %, what would my options be?

Wow, u r lucky it has not been repo yet. you have 2 choices
1) call credit co, work out pymt plan & keep truck, or sell it on your own
2) If you have it repo-ed, it works like this, say u still owe 9000 on truck, they repo & resell it for 5000.
now u still owe the credit co 4000. !
I would go with option 1.

I can agree with airforce but you cannot sell a truckl with a lien on the title. You have now two choices that make sense. 1 work it out with creditor. They dont even consider repo until 90-120 days. 2 volunteer the truck back and take the hit. 3 drive it till they come and get it- going to cost you in the longrun

This is for my son. He did have communication with his creditor. They wanted to repo after 10 days. He has moved, so that's why things weren't done earlier. He has continued to talk to them letting them know what was going on with his situation, but most were not reasonable. He finally got someone who is willing to work with him. He will probably to a voluntary repo, because catching up on payments, the interest rate being raise and all things, will make the price of the vehicle almosst twice the value. Thank you for your help, to all who responded,

We thank you for your help. Because, it was answered with wisdom and included the experience of another response, as well. Good information, too.

You're welcome. We all come together here to try to offer the best advice. Often times as in this case, it's really a combination of everyone's advice that ends up being the key for the best answer. Good Luck to your son and God Bless you for taking the steps to try to find out information for him. Sometimes (not always) young adults just don't know what resources to use to find the solution for issues. That was nice of you to do a little footwork for him.

Take care

To Vcr955: I highly advise against your son surrendering his vehicle to repo. He can sell the truck if he can find someone willing to pay off the loan. It's like a house, there is always a bottom dollar pay off which will exclude the interest rate for the next (let's say ? 4 yrs). He would be much better off. ultimately if he let's the company have the truck back he will still owe money and be paying on a vehicle he no longer owns. That's ridiculous to do, unless he is going to file bankruptcy? And with the bankruptcy laws that went into effect a few years ago, he could still have to pay the money back. His best option will be to try to sell it first, or get it refinanced if he is qualified through another company and borrow the pay off on the vehicle himslef.

Thank you for your help and advise. He turned it in. I didn't agree, but it was his choice. He couldn't take their rudeness and badgering anymore. It was the worst company I've ever seen. If he was 10 days behind, they would call me, his brother and even got a cell phone number for his sister in law and started calling her. They would call all the numbers everyday. It was a nightmare when they would wakeup my granddaughter, who has Cystic Fibrosis, from her naps, day after day. He said he'd rather pay then deal with them any longer. So, the truck is gone, peace has returned and we're still waiting to find out how much he'll have to pay. He loves his family. Work has picked up and he'll continue on with life.