Car or Truck Repossession: Are You at Risk?
Автор: Personal Bankruptcy Law Atlanta
Загружено: 2015-02-02
Просмотров: 323
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Did you know that the lender who is financing your car or truck can repossess your vehicle if you are even one day late?
Many installment contracts provide that even one late payment constitutes a default. A default means that the lender can send a repossession company out to seize and hold your car until you come up with the cash to pay off the entire loan, or sell it at an auto auction.
Most vehicle lenders will not act this harshly - usually repossession is not a threat until you are a month or more behind. But if you have had delinquencies in the past, or if you are dealing with a “buy here/pay here” company, you could lose your vehicle if you are even a few days late.
Fortunately, as I discuss in this video, there is a solution to vehicle repossession. That solution is called Chapter 13 and it can stop a repossession from happening or help you get your seized vehicle back.
Want to learn more about how to protect your vehicle from a repossession in Georgia? Jonathan Ginsberg and Susan Blum of Ginsberg Law Offices have the experience and knowledge to advise you. We can be reached by phone at 770-393-4985 or by email at ginsberg.bankruptcy (at) gmail.com.
You can also visit our web site at http://www.atlanta-bankruptcy-attorne....
Jonathan Ginsberg
Ginsberg Law Offices
Atlanta, Georgia
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