Can the Bank Repossess My Car?
When facing economic hardship, it can be difficult to make ends meet. One of the biggest concerns for people in this situation is whether or not their car could be repossessed by the bank. The answer to this question depends on a few factors.
The first factor that determines if the bank has any rights over your vehicle is if you have taken out a loan with them. If you have borrowed money from a financial institution and are unable to keep up with repayments, then they can repossess your car as collateral - meaning they take ownership until you pay back what you owe them. However, in some cases, depending on which state or country you live in, there may be laws that protect consumers from having their cars taken away without warning or due process.
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