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
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What our customers are saying?
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
Dan Hatfield was very personable and professional. He was able to guide me through all the paperwork and made sure I was kept in the loop. This was a very pleasurable business experience. Thanks again 😎
Dan is an excellent agent! Dan and redemption saved me thousands on my new car loan with great ease. All my negative equity is wiped out and my payment is less with a smaller loan term. Thanks Dan Hatfield!
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. 🌞