Michael Nolan (McGavin) finds himself down on his luck following his divorce settlement, which has left him with nothing. During the repossession of his car he makes chase all the way to the auto repossession company. His persistence impresses the owner who hires him on the spot. Nolan is then teamed up with Larry, a 16-year-old experience repo agent. As Nolan settles into his new career he continually finds himself troubled by women, angry car owners and more.