Did you know that each state has rules and regulations covering the vehicle repossession process? While some states provide leeway by granting the borrower a short period to make up missed payments, others mandate that the loan or lease contract be the primary reference for vehicle repossession. We’ll detail vehicle repossession laws by state for…
Getting a car can be exciting, but then, life happens, and sometimes, making payments on time is difficult. You risk getting your car repossessed if you miss monthly payments. Fortunately, you can take precautions to avoid this unfortunate situation entirely. We’ll discuss helpful tips to avoid the stressful repossession process and the role of bankruptcy…
Getting a car can be exciting. Unfortunately, life happens, and some people have trouble keeping up with payments. This can lead to having your vehicle repossessed. Having one’s car repossessed is stressful and unfortunate. However, everyone should know their rights and the best next steps. We’ll discuss the best practices you can try if your…
As service providers, towing operators rely heavily on their image and reputation to stand out from the competition. Clients expect fast, efficient service with as few complications as possible. Nothing can tank a business faster than towing and selling a car belonging to an active-duty servicemember. Prosecution by the government can follow, or word could…
The SCRA can potentially lead to large fines for auto lending and leasing companies, as evidenced by this notable case.
Vehicle repossessions can be complicated affairs, but that doesn’t begin to cover the important steps needed if the owner in question is covered under the SCRA.
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