Sentences with phrase «on vehicle repossession»

Our firm provides legal representation for consumer and commercial clients in foreclosure defense, bankruptcy, disputes with homeowners» associations, credit card debts, collections on vehicle repossession deficiency, collections on business and personal loans, contract disputes, and many other legal situations.

Not exact matches

A breach of peace also may give you a legal defense if your creditor sues you to collect a «deficiency judgment» — that is, the difference between what you owe on the contract (plus repossession and sale expenses) and what your creditor gets from the resale of your vehicle.

Non Payment of Title Loan: If a customer does not pay per the specified dates on the note and security agreement their vehicle could potentially become subject to a repossession.

Unsecured contracts rely on your signature alone and are a poor choice for financing a car — unless you need a larger down payment, or fear the loss of the vehicle to repossession.

See section above on «Costs of Repossession and Sale» for additional information regarding the conditions that must be met in order for a motor vehicle title lender to collect the reasonable costs of repossessing, preparing for sale, and selling your motor vehicle.

IF YOU DO NOT REPAY YOUR MOTOR VEHICLE TITLE LOAN IN ACCORDANCE WITH YOUR LOAN AGREEMENT, THE MOTOR VEHICLE TITLE LENDER MAY REPOSSESS AND SELL YOUR MOTOR VEHICLE (see section below on «Repossession and Sale of your Motor Vehicle&rVEHICLE TITLE LOAN IN ACCORDANCE WITH YOUR LOAN AGREEMENT, THE MOTOR VEHICLE TITLE LENDER MAY REPOSSESS AND SELL YOUR MOTOR VEHICLE (see section below on «Repossession and Sale of your Motor Vehicle&rVEHICLE TITLE LENDER MAY REPOSSESS AND SELL YOUR MOTOR VEHICLE (see section below on «Repossession and Sale of your Motor Vehicle&rVEHICLE (see section below on «Repossession and Sale of your Motor Vehicle&rVehicle»).

If you default on your loan, your vehicle becomes subject to repossession.

Some lenders require installation of Global Positioning System (GPS) or starter interrupt devices on the vehicles for repossession, among other purposes.

If you've had a repossession, a history of late payments, collections, settlements on your past vehicles, or included a car in a bankruptcy, these are signs that you're a high - risk borrower.

You will prevent the additional costs of a vehicle repossession as well as a negative entry on your credit file.

A lender will seek repossession of a vehicle if the borrower is unable to make any payment on the loan amount

I did a voluntary repossession on my vehicle last year and I ended up owing them money for the difference.

This is known as the standard repossession of a vehicle, entailing that the debtor has either been struggling with paying his / her car payments on time, or has flat out refused to do so.

This also saves you, the borrower, from spending on extra expenses such as the creditor hiring a bailiff for the repossession of a vehicle.

If your mortgage lender or the lienholder on your vehicle have threatened a foreclosure or repossession action, you need to act quickly.