The Social Security system is in place to help us through difficult times. Unfortunately, there are some instances in which the system makes our lives even more difficult than they need to be. The day I received the denial letter for my claim, I wasn't sure what I was going to do. After talking with a few friends, I contacted a lawyer. That was the best decision I had ever made. Even with the professional assistance, getting the denial overturned and getting the money that I was owed took several months. I have kept a clear journal of my experience and loaded it with information that can help others get through what can be an impossible time.
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Social security denial - a journal of assistance
What Happens If Your Car Lender Wrongfully Repossesses Your Vehicle?
Alexis Garcia
One of the main risks you take when you do not make your car payments is repossession. When you borrow money to purchase a vehicle, you agree to make the payments. Your lender uses the car's title as the collateral in the deal, and the lender can seize the car if you default. While most lenders have rules that they follow before repossessing vehicles, some lenders occasionally and wrongfully repossess cars. If you believe that your lender wrongfully repossessed your vehicle, here is an explanation of what you can do.
Review Your Payments and Loan Agreement
The first thing you might want to do is review your payments and the loan agreement you have with your lender. When are your payments due? Have you made all your payments? If you missed a payment, how far are you behind? You can also look at your loan agreement to see if it states the lender's rules relating to late payments. The agreement might state the timeframe that the lender uses to begin the foreclosure process. If you feel that the lender prematurely repossessed your vehicle, you might want to visit a lawyer.
Visit a Repossession Lawyer
When people believe that their lenders wrongfully repossessed their cars, they contact a repossession lawyer. This type of lawyer specializes in helping people settle their repossession cases. The lawyer might ask to see your payment record and the loan agreement. The attorney will review these documents to see if the lender acted correctly or not. If the lawyer believes that the lender wrongfully repossessed your car, the attorney will help you learn your options.
The Results of Your Case
If you fight your repossession and win, several things might occur. The first result might be that your lender gives you your car back. If you are behind on the payments, the lender will not give it back until you pay the balance you owe. The second option is to let the lender keep the car. If this is the option you prefer, your lawyer will help you fight against the deficiency amount that the lender might try to collect. The deficiency amount refers to the difference in the amount the lender sells your car for and the amount you owed on the loan. You should not have to pay this amount if you win your case.
If you are facing repossession or dealing with a wrongful repossession, talk to law services like Havner Law Firm to learn more about your options.
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