{"id":20,"date":"2016-09-21T12:00:00","date_gmt":"2016-09-21T12:00:00","guid":{"rendered":"http:\/\/www.consumerslaw.com\/blog\/your-vehicle-risk-repossession-follow-these-steps\/"},"modified":"2023-03-27T17:11:07","modified_gmt":"2023-03-27T21:11:07","slug":"your-vehicle-risk-repossession-follow-these-steps","status":"publish","type":"post","link":"https:\/\/www.consumerslaw.com\/blog\/your-vehicle-risk-repossession-follow-these-steps\/","title":{"rendered":"Is Your Vehicle at Risk of Repossession?"},"content":{"rendered":"

\"\"Any number of life situations may impact your ability to keep up with car payments.\u00a0 Hours may have been reduced at work.\u00a0 A family member may be seriously ill.\u00a0 You may be going through a divorce.\u00a0 If you believe your vehicle may be at risk of repossession, follow these six simple steps.<\/p>\n

1) Gather Important Documents<\/h2>\n

Remove all car purchase and loan documents from your vehicle immediately.\u00a0Keep these documents in a safe place in your home, not in your car<\/a>.\u00a0In most cases, auto lenders are not required to contact you in advance of a repossession.\u00a0If your car is repossessed, gather all car purchase and finance documents for a qualified consumer protection attorney to review.<\/p>\n

2) Request a Loan Payment History from the Lender<\/h2>\n

Contact the lender for a complete Loan Payment History<\/a>\u00a0which reflects all payments from the date the vehicle was purchased to the present.<\/p>\n

If the payment history does not agree with your records, you may dispute\u00a0the errors with the lender. If you defaulted on your payments, the payment\u00a0history will show late fees, interest, or other charges added to your account. Be sure that the lender\u2019s calculations are correct.\u00a0 If any payments were not recorded properly or were misapplied, send a written dispute to the lender with documents that support your dispute.<\/p>\n

3) Photograph the Condition of Your Car<\/h2>\n

Take photos that show the current condition of your vehicle, including the interior,\u00a0exterior and odometer reading.<\/p>\n

4) Do Not Hide Your Vehicle<\/h2>\n

It is illegal to hide your vehicle if the lender is attempting repossession. Review your signed loan agreement for the terms of your loan.<\/p>\n

5) Secure Any Agreement to Defer or Avoid Repossession In Writing<\/h2>\n

If you have an understanding with the lender to permit you to\u00a0catch up on payments or defer a repossession, be sure to get\u00a0that agreement in writing<\/strong>. Whether you get a letter from the lender,\u00a0have an exchange of emails, or send your own letter detailing the terms, it is\u00a0important to create a document which confirms the agreement<\/a>.<\/p>\n

6) Seek Legal Help<\/h2>\n

\"\"Contact Flitter Milz<\/strong><\/span><\/a> for a free evaluation of your case.\u00a0 Whether you have fallen behind on payments or not, the lender must follow the law.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Any number of life situations may impact your ability to keep up with car payments.\u00a0 Hours may have been reduced at work.\u00a0 A family member may be seriously ill.\u00a0 You may be going through a divorce.\u00a0 If you believe your vehicle may be at risk of repossession, follow these six simple steps. 1) Gather Important … <\/p>\n

Continue reading Is Your Vehicle at Risk of Repossession?<\/span> →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[36],"_links":{"self":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/20"}],"collection":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/comments?post=20"}],"version-history":[{"count":13,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/20\/revisions"}],"predecessor-version":[{"id":3177,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/20\/revisions\/3177"}],"wp:attachment":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/media?parent=20"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/categories?post=20"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/tags?post=20"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}