Repo-man

The Repo-Man is an NPC that visits a Sims's Residential lot when they neglect to pay their bills. Over time, after bills have been delivered to a house, they change color, going from white, to yellow, to orange to red. As they progress through the colors the need to pay them becomes more urgent. It's (approximately) 2 days between color changes. Once bills stay red for more than 2 days, they will warn you at 7:00am that they must be paid immediately. You will be given utill 6:00pm tommorow night to pay, if you don't, the red bills will explode and summon the Repo-Man.

He usually takes one or two items but if the Sim is in a large amount of debt he may take several. The items he takes (approximately) add up to the the amount the Sim owes. The Sims of the household get a negative memory for each of the items taken, and may periodically cry about the lost item.

If forced to come in Sims 3, the Repo-Man will take a large amount of items (sometimes 20) regardless of whether any debt is owed.