- 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 it.
- Normally, lenders do let you keep your car, but demand and impose full payment on your current loan.
Typically, you have very few options with your vehicle in a bankruptcy:
- You may keep your existing car loan, and continue making your high monthly payments until your loan is paid in full.
- Give back your vehicle, leaving you with no means of transportation.
Working with you, your attorney and your creditor, our Redemption Program allows you to take advantage of a better choice.
Our Redemption Program allows you to keep your car by paying fair market value to the creditor – not the amount you actually owe.
This results in
- A lower monthly payment
- Fewer or equal payments
- A fresh financial start with a major national bank
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If a redemption loan does not work for you for any reason, our Replacement Program can help you locate a late-model, low mileage vehicle at or near the wholesale – not retail – price. This allows you to replace your car while in bankruptcy.Continue to the Process