Repossession Deficiency Defense
When your vehicle is taken by the repo man, you may think that your vehicle loan issue is resolved. Unfortunately, that would be the wrong assumption. When your vehicle is repossessed, the creditor that issued you the vehicle loan has a right to collect any deficiency on the loan. More times than not, the vehicle is sold for less than the fair market value at an auto auction, leaving a balance owed on the vehicle loan. If you do not pay the deficiency, the lender can file a lawsuit against you to recover the deficient amount. However, you may have defenses to this type of lawsuit if the lender did not comply with Pennsylvania repossession laws, as well as possibly other defenses or objections that may be raised.
At EDF Law, we help people find real relief from repossession deficiency lawsuits by exploring all possible options.
Please be aware that time limitations will apply to the lawsuit. You must act quickly because a response to the lawsuit will be required within the deadlines set forth in the lawsuit papers. We have helped people facing similar lawsuits resolve the lawsuits utilizing various methods. Contact us today to receive a free consultation and learn more about how we can help you gain relief from the lawsuit. When you call us, don't forget to ask about how we might be able to help you at no cost and what happens after the lawsuit is resolved.
Collection Judgments May Result In:
A lien against your house, making it difficult to sell or refinance
The sale of your personal property, including your vehicle & household furnishings
A bank account garnishment freezing your account
A negative effect on your credit report for years or even decades in certain circumstances
FREE LEGAL HELP WHEN YOUR RIGHTS HAVE BEEN VIOLATED. CALL TODAY FOR DETAILS.
Past experience and/or success cannot serve as a guarantee of certain outcomes.