ORLANDO REPOSSESSION ATTORNEY
UNDERSTANDING HOW REPOSSESSION WORKS
Buying something on credit is a useful means of purchasing something that you cannot afford in one full payment. Instead, you enter into a contract where you promise to make monthly payments until the price of the product is paid for in full. While this system is very useful, it can also present a problem in the event that you fall behind on your payments. If you fall behind on your payments, your lender may take action to repossess the property for which you owe.
CAN I STOP MY CAR FROM BEING REPOSSESSED?
You can stop the bank from repossessing your car, motorcycle, or anything else for which you are in debt in several ways. The first option is by paying the overdue debt in full so that you are up-to-date on your payment. This is usually difficult, since you have already been struggling to make the payments. You could also negotiate with your lender to pursue a loan modification or debt settlement so that you can afford your payments again. Another option would be to file for bankruptcy, which places an automatic stay on repossession as long as your lender does not have a court judgment allowing them to repossess the item.
LEARN MORE FROM AN ORLANDO BANKRUPTCY ATTORNEY
Contact an attorney from Fisher Legal Group to learn more about repossession and how you can stop it. Each Orlando bankruptcy lawyer with our firm strives to provide outstanding customer service and an excellent work product. We are results oriented and will go the extra mile to help you avoid or stop repossession and to resolve your debts. Fill out our free case evaluation to speak with an attorney for free and learn more. Contact us today for the information that you need!
Get your questions answered - Call for a free consultation or assessment of your needs (407) 792-6970.