Your car may be repossessed if you fail to make your loan payments on time. But what if your car is wrongfully repossessed by mistake? Fortunately, you have rights in a car repossession under Florida law. And, if there’s been a mistake, a Fort Lauderdale wrongful car repossession attorney from…
Category: Auto Repossession
Repossession of your car, motorcycle, boat, RV, etc., or other personal property bought with a loan is a real threat in Florida if you fall behind on loan payments. If you are at risk of missing payments on a secured loan — one backed by property that may be seized…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in…
With credit scores and a history of ever-growing importance, it is not unexpected that there are sectors created to capitalize on the lack of credit or even the bad credit of consumers. One fringe industry that has gained notoriety for exploiting the lack of credit or bad credit of consumers…
The car buying process can be particularly intimidating and buyers navigating the process may have numerous concerns ranging anywhere from whether they are getting good deals to whether the mechanics of the car are as represented. One added concern is whether the dealership or seller will engage in “yo-yo financing.”…
If you go into default on your loans or fall behind on payments, your lender may be able to repossess any property associated with the loan or offer it as collateral, such as an automobile. In many cases, your lender is permitted to do so and either hold onto the…
When you purchase a car on a loan from a bank or other creditor, you do so under an agreement that you will ensure the vehicle is protected to prevent serious losses as well as make payments with interest until the balance of the loan is paid off. However, when…
With over $1 trillion dollars of outstanding debt for car loans in the United States everyone is talking about the next big bubble, and no doubt it’s connected to subprime automobile loans. While the damage won’t equal the impact the subprime mortgage crisis had on the economy in 2009, in…
Repossession of an automobile, motorcycle, motor home, boat or other vehicle is damaging to an individual’s credit score. Credit experts report that a repossession remains on a credit report for seven years after the original delinquency date. Obviously, such a reporting may negatively impact credit for the entire duration of…
