Can the Bank Repossess My Car?
If you can't make your car payments, the bank may repossess your vehicle. Here's what you need to know about the process and how to protect your rights.
The first thing you should do if you're having trouble making your car payments is to contact your lender. Many lenders are willing to work with borrowers who are having financial difficulties. You may be able to arrange for a lower payment or a deferment of payments for a period of time.
If you don't make arrangements with your lender, the next step is usually repossession. The lender will send someone to take possession of your car, and you'll be responsible for any remaining balance on the loan, as well as any fees associated with the repossession.
If your car is repossessed, it will likely be sold at a public auction.
The Law Offices of Omar Zambrano has helped thousands of the 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