Blog Posts - Repossession
Can I Stop Repossession from Happening?
If you fail to make loan payments on time, a lender may repossess the asset. If you take out an auto loan, it is common to use the vehicle as collateral. As a consumer, it is important that you understand the terms of your loan agreement so that you are...
READ MOREWhat Happens to My Debt After Repossession?
When you sign a loan document, it is crucial that you stay up to date on payments. If you are unable to afford payments, ignoring the problem will not solve anything. In South Carolina, if you fall behind on payments, a creditor is allowed to repossess your property. However, your...
READ MORECan I Get My Repossessed Property Back?
If you have fallen behind on loan payments, any property that you have as collateral could be seized by a bank or other type of financial institution. Your lender is legally required to give you time to “cure” the loan. In simple terms, making your loan current before the property...
READ MORECan Creditors Repossess My Property Without Notice in My State?
When you are approved for an auto loan, you will most likely put your vehicle up as collateral. In certain situations, creditors in South Carolina are allowed to repossess property if it is pledged as collateral. If you do not pay the loan, then your lender may be able to...
READ MOREWhat Is Repossession and When Can It Occur?
When you purchase a car with a car loan, the loan document is very likely to include terms that address the consequences you’ll face if you fail to make your payments in accordance with the schedule included. The collateral on your car loan is the vehicle itself, and when the...
READ MOREWhat Are My Options If The Bank is Going to Take My Car
If you have missed one or two auto loan payments, don’t panic just yet. You have options to stop the bank from repossessing your car. However, you need to act quickly. Whether you don’t have the funds to pay the full amount or simply forgot to send your payment, exploring...
READ MOREWhat to Do If Your Car is Repossessed?
If you finance a car purchase with a loan, you will sign a contract stating that your car serves as collateral for your loan. That means that if you fail to make your payments on time, your lender has the right to repossess your car. Your lender may sell your...
READ MOREHiding from repossession can double your trouble
Your vehicle is an important part of your life. More than a convenience, your car gets you to and from work, allows you to keep your appointments, and provides a way to transport your family to the places they need to be. Without your vehicle, you may have no choice...
READ MORERepossession: More than just your car could be at risk
Many South Carolina consumers struggle with debt, and for some, these financial struggles can become a serious issue. You may have a significant amount of debt, and your situation may be at the point where you find yourself dealing with harassment from creditors and other issues, such as the threat...
READ MORECan I get my car back after repossession?
It can come as a shock: You go to where you parked your car at home or at work, and it’s not there. Later you find out the creditor has repossessed the vehicle because you were behind on payments. Can you get the car back? In many cases, you can-possibly...
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