WHAT IS A REDEMPTION?
Under 11 U.S. Code ยง 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?
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.
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!
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
SO easy to work with! Dan was amazing, always keeping me updated and responsive to my million questions and concerns. If you have the opportunity to use their programs, do it! You won't regret it. They take care of everything!