"Can A Creditor Take My Car"
Yes, a creditor can take your car if you don't make your car payments. The creditor can take your car through a process called repossession. When you finance a car, you're actually borrowing money from a lender and using the car as collateral for the loan. If you don't make your payments, the lender can repossess your vehicle and sell it to pay off the loan.
If you're behind on your payments or even if you just miss one payment, the lender will contact you and try to work out a payment plan. If you can't afford to make any payments, the lender may eventually decide to repossess your vehicle.
If your vehicle is repossessed, you'll have to pay off the entire loan balance plus any fees associated with the repossession. You'll also likely lose any equity you have in the vehicle.
The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706