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. 🌞
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 !
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.
O can't say enough good things about 722 redemption. Kaitlyn was very responsive, polite, helpful and non judgemental. It was a great experience from start to finish. I'm in my new car and I love it!! Thank you Kaitlyn!!