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?
This Company was very helpful! I was assisted by Dan Hatfield throughout the process and he was very communicative and made sure I understood what was going on every step of the way. Followed up when necessary and kept me informed of crucial timelines in order to make sure things went as smoothly as possible. Grateful for 772 redemption and would highly recommend using them!
I worked with 722 Redemption to refinance my car. They were proactive with communication, thorough with my documentation. The refinance process was really easy. My Loan officer was Sharon Monroe. - I highly recommend this company
Working with Kaitlyn Kramer was the least-stressful part of my life in the last couple of months, she originated our loan, kept me in the loop and was very responsive to all questions (and there were a lot). As a 20+ year customer service manager, I would poach her in a heartbeat. This company is lucky to have her. Moving forward, I hope the representatives servicing my loan are as well trained, courteous and knowledgeable as Kaitlyn.
She was very professional very good. Kept everything done in order and kept me updated on everything. Kept it down the line and an order of how it had to be done. She was very professional and I really liked the job she had done really she is a good person and knows how to take care of people and work with them. Kaitlyn Kramer does a very good job and is a very good professional with working with getting people done and getting stuff done in a timely manner