Many people find themselves in debt at some point in their lives, whether it’s from student loans, credit cards, medical expenses, divorce, personal loans, or other types of accounts. Here are some common questions you may have about debt. Will my debt ever go away? An unpaid debt never truly goes away. After seven years, it …
Repossessing a Vehicle Unexpected life events, such as a job loos, divorce, illness, or death in the family, may have sever impact on meeting financial obligations. When a vehicle is financed through a bank or credit union, the lender has the right to repossess the car if the borrower has defaulted on the terms of …
Continue reading My Car Was Repossessed. Where Do I Go From Here? →
Many people know that unfortunate circumstances in life, such as divorce, health issues, job loss or death, can result in financial hardship. All of a sudden, accounts go unpaid, collectors call, negative listings appear on credit reports, and sometimes, lawsuits are filed. You are a defendant in a lawsuit Whether the default was for a …
A key aspect of financial wellness is to avoid spending above your means. It may be tempting to apply for an auto loan to buy a more expensive vehicle, but keep in mind that falling behind on payments not only harms your credit, but also leaves your vehicle at risk for repossession. It’s important to …
Continue reading How to Find Out If Your Auto Loan Account is Current →
Many times a job loss, illness, death in the family or divorce cause a hardship making it difficult to keep up with financial obligations. When a borrower defaults on auto loan terms, such as late or partial payments, a lapse in insurance coverage, or death of borrower, the lender may choose to repossess the vehicle. The …
Continue reading Any Change to the Terms of your Auto Loan must be in writing →
Any number of life situations may impact your ability to keep up with car payments. Hours may have been reduced at work. A family member may be seriously ill. You may be going through a divorce. If you believe your vehicle may be at risk of repossession, follow these six simple steps. 1) Gather Important …
Co-signers lend their names and good credit histories to the primary borrower, usually when the other borrower cannot obtain credit on his or her own. For example, a parent may co-sign for a child who does not yet have a credit history. Or, someone may be asked to co-sign by a friend or relative whose …
Continue reading Co-signing a Loan: All Risk, Little Reward →
Life circumstances, such as job loss, divorce, health issues and death, can make it difficult, or nearly impossible, to keep up with financial obligations. Once we fall behind, it’s difficult to catch up. Then collectors begin to call, vehicles get repossessed, and our credit reports are impacted. Falling behind on Payments When borrowers fall behind …
Continue reading Understanding the Process of Auto Repossession →
Advocate of
Excellence
Pro Bono
President's
We at Flitter Milz, P.C., hope that you and your loved ones remain healthy and safe throughout this difficult time. We want you to know that our firm is open to serve your legal needs. Our staff is available by phone, email, or video conference. Please feel free to call with any questions or specific concerns.
Take care and be safe.
Cary Flitter & Andy Milz
Toll Free: 888-668-1225
Email: consumers@ConsumersLaw.com