Although the lender may have the right to take back the property, the repo agent must handle the auto repossession in a lawful manner.

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Sports. How a Lawyer Can Help You Handle a Car Repossession.

Often, encounters between the repo man and the borrower are tense.

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Our dedicated legal team understands your situations complex and time-sensitive, so we will act quickly to assess your case and lay out your options. The process of taking the car from you is called "repossession. .

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Repossessions must be handled lawfully. Facing car repossession can be both embarrassing and costly. We can review your case and determine whether the finance company and repossessor acted lawfully and if you can take legal action.

If the debt plus the costs is more than the car sold for, the difference is called a Deficiency. .

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We are a debt relief agency. If you fail to make your car payments or otherwise default on your loan, you risk having your car repossessed by your lender.

consumer. The back of the car title shows who has a security interest or lien against the car.

Repossession Law By State, a consumer&39;s vehicle may be repossessed by their creditor if they stop making payments or violate any of the terms of agreement.
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Motor Vehicle Retail Installment Sales Act (MVRISA) 815 ILCS 37520.

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You can also contact us via e-mail. Facing car repossession can be both embarrassing and costly. Jan 2, 2023 If you default on your written loan agreement, a creditor can repossess a vehicle or personal property (but not a house or land) without advance notice to you and without filing a lawsuit. . . This page will provide an overview of New Mexico&39;s Repossession Laws and what you should know if you&39;ve fallen behind on car payments.

Under Pennsylvania law, the repossession company is allowed to charge you to store your items.

Vehicle repossessions occur for a number of reasons. .

If you do not bring your payments current by the due date, the creditor may repossess the vehicle.

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To learn more about options for dealing with repossession, schedule an initial consultation with a debt relief lawyer today.

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