WHAT IS A REDEMPTION?
Under 11 U.S. Code § 722, Chapter 7 Clients have the statutory right to redeem their vehicle for its value instead of what they owe.
| CURRENT LOAN | REDEMPTION LOAN | |
|---|---|---|
| Length of Loan | 64 | 60 |
| Monthly Payment | $489.00 | $359.53 |
| Total | $31,296.00 | $21,571.80 |
| TOTAL SAVINGS | $9,724.20 | |
The Problem
- You may owe far more on your car than it is really worth.
- You want to keep your car, even after you have filed for bankruptcy.
- You need your vehicle
The Solution
- Our Redemption Program allows you to keep your car by paying fair market value to the creditor, not the amount you actually owe.
- Working with you, your attorney and your creditor, our Redemption Program allows you to take advantage of a better choice.
The Process of Our Redemption Program
- Fill out an application online, or call (888) 721-2800.
- After 24-48 hours, our lenders will let us know if you were approved.
- 722 will provide your attorney with all the documentation necessary to file the redemption in court.
- Once the motion to redeem is granted, we will dispurse the funds to pay off your current creditor.
RE-ESTABLISH CREDIT
ATTORNEY FEE FINANCING
NO COST OR OBLIGATION
AVOID DEALER MARKUPWHAT ARE YOU WAITING FOR? GET STARTED TODAY!
What our customers are saying?
Jason Rowland went above and beyond for me . My process took over 4 months for multiple reasons. Jason never skipped a beat . His experience allows him to be extremely knowledgeable to work with myself and my attorney. He calmed nerves along this pathway! Jason made a tough situation much lighter with his joyful personality and enthusiasm! He’s a man that truly loves what he does! The best news is Jason was able to save me $317 a month off of my car payment and that’s even with a reduction of 17 months of interest! My down payment was reasonable as well! Jason is a blessing to work with and I will be referring others to him in the future!! In My professional opinion, Jason would be an excellent employee to promote professionally as well a merit increase basis! Thank you again 722 Redemption And thank you, Jason!!! God Bless !
I want to say thank u to Jason for helping me through this process. I had so many questions bcuz I had never done this b4. He answered when I called or got right back with me. All of my questions were answered. It was a pleasure to work with him. I highly recommend this company. I also can say that the process was smooth. Thank you Jason for being the best!!! God Bless!
Pretty good people thus far. My rep jason Rowland took pretty good care of things and kept me in the loop. Whenever an issue came up he let me know right away and got things handled in a timely matter. I will be honest and say that I thought this whole process was gonna be shytty. But it turned out to be a pretty good experience. I would recommend this company.
It was a great pleasure working with Jason at 722. Wonderful service and very attentive. Thanks Jason job well done.
All of my experience with the 722 Redemption crew went very well, especially with Mr. Hatfield. He tried to get the price down as far as possible, it ended up being $101+ a month less than the original and 14 months less time paying it off. So they ended up saving us nearly $10,000. A big thank you to all of the 722 family. Mike and Rita L