Repossession typically occurs with cars, and it happens when you don’t keep up with your monthly payments. It can also occur with other high cost items you need to make payments on, like boats. Typically, the company will warn you if you are behind on payments and give you a set amount of time to catch up. If you don’t catch up in time, they repossess the item in question. Unfortunately, mistakes do happen, and some people find their item repossessed unfairly.
If this happens to you, you don’t need to panic. Start by gathering all of the proof you have that you have paid for the item in question. Gather your original sale documents and any receipts from the payments you have made. If you don’t have receipts, print out the statements from your bank showing when the payments were made and how much they were for. All of this shows that you have made all of the payments on time. From there, you can take it to your lender. In many cases, they can fix the problem for you and allow you to get the repossessed item back.
In some cases, it may be more difficult to get the item back because the lender doesn’t believe they made a mistake. If this happens, you’re going to want to hire a Repossession Attorney to help you. Your attorney can review over the paperwork you have showing the payments to ensure everything is paid in full. Then, they will contact the lender on your behalf and ask for the item to be returned. If it is not, they’ll prepare to take your case to court. They’ll show the judge that you have paid for the item and kept up with your payments so the item will need to be returned to you.
Accidents happen, but that doesn’t mean you don’t have to lose the item you’ve been making payments on. If you can’t get the item returned to you, contact an attorney today for help. They’ll help you get the item back and ensure it doesn’t appear on your credit as a repossession. Contact Hitchcock & Associates, P.C today for more questions or to find out how you can get help to get your item back. To know more Visit Us.
