Car Repossession Assistance
for Wilson, Greenville, NC & the Surrounding Areas

If you are facing bankruptcy and have questions about what will happen to your vehicle, turn to the dedicated lawyers at John G. Rhyne, Attorney at Law. Our bankruptcy attorney understands that losing your car can be a scary situation. Often your vehicle is your main source of transportation and without it, even the simplest of errands can quickly become an inconvenience.

With over 25 years of experience working on cases involving car repossessions for clients in the Nashville, Elizabeth City, Rocky Mount, Kitty Hawk, Smithfield, Zebulon, Clayton, Wendell, Greenville, and Washington, NC areas, Attorney John G. Rhyne can help you navigate the legal system to ensure all of your options are considered. When you contact our law firm, you can be sure that our car repossession and bankruptcy attorney will work tirelessly with your lender and come up with the most convenient solution for you.

If you require car repossession assistance, we welcome you to contact our office today and schedule a bankruptcy consultation!

UNDERSTANDING CAR REPOSSESSION

Unless you paid for your vehicle outright, it's likely that you financed the purchase through a lender in exchange for an agreement to pay the loan back in monthly installments. When a vehicle is repossessed, it usually means that the borrower has missed one or more payments on their car loan; however, most lenders don't proceed with the repossession process until the borrower has missed two or three consecutive payments. Other lenders might reach out for an explanation and discussion. If you miss a payment, generally by more than 30 days past the due date, the lender is able to legally repossess your car. If you find yourself unable to make your agreed payments to your vehicle for any reason, it's essential to reach out to your lender to avoid repossession.

Before a car repossession, you will most likely receive a notice of outstanding payments on your loan that you will need to pay to avoid repossession. The notice may come through phone, email, or paper mail; however, the repossession can occur at any time. After they repossess your vehicle, your lender will be responsible for informing you of the repossession and any of their intentions to sell. You will have the opportunity to get your vehicle back, but a limited window of time in which you can do so. If your vehicle is sold at auction and your lender fails to recoup its total cost, you will be responsible for the remaining balance. If you fail to pay, the lender can send your loan to collections, which could severely damage your credit.

If you are facing car repossession, or if you believe that your vehicle was repossessed wrongfully, it's important to know that you have rights. Reaching out to an experienced foreclosure attorney can help you understand your situation and make a plan to avoid repossession if possible. Our office can review your case and help you take the necessary steps to maintain your credit and potentially regain your vehicle. We have worked with vehicle owners throughout the Nashville, Elizabeth City, and Rocky Mount, NC area. Contact us for more information!