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?
722 Redemption Funding did an amazing job at assisting me with getting my car financed. They only advised me personally according to me circumstances. Jason R gave excellent customer service by listening to me, giving me the best options. He went above and beyond by being consistent in performing his duties and providing me with information along the way. I'm grateful for him and redemption funding. I will recommend their services to whoever need them. 🌞
I would like to give a big shout out to me sales rep kaitlyn Kramer. She did an amazing job assisting me with my vehicle. We were able to get the vehicle purchased and delivered in under a week. I recommend this company to anyone filing bankruptcy.
Kaitlyn was amazing. She was incredibly helpful and responsive throughout the whole process. If you need a redemption loan, definitely give them a try.
Sydney was an absolute gem to have help handle my case. She went above and beyond to get me into a vehicle that fit my needs and budget in this difficult time. I am so glad I was recommended this program and if you get Sydney she will definitely be able to help.