How To Stop A Car Repossession In The U.S.

July 26, 2013 - PRLog -- In many states, a creditor can seize a consumer's car as soon as they default on their lease or loan. The consumer's contract should state what constitutes a default, but failure to make a payment on time is a typical example.

Once a consumer is in default, the laws of most states permit the creditor to repossess the consumer's car at any time, without notice, and to come onto the indivivual's property to do so.

Most people rely on their car to get where they need to go — and when they need to go — whether it’s to school, work the grocery store, or the baseball field.

A free consumer organization called "Bad Credit MD" offers free expert advice on how to stop a car repossession at http://www.badcreditmd.com/car-loans/how-to-stop-my-car-from-being-repossessed/ along with rules about how a creditor may repossess the vehicle and resell it to reduce or eliminate a consumers debt. Creditors that violate any rules may lose other rights against the individual, or have to pay the consumer for damages.

It’s easier to try to prevent a vehicle repossession from taking place than to dispute it after the fact. Consumers should contact their creditor as soon as they realize they will be late with a payment. Many creditors work with consumers they believe will be able to pay soon, even if slightly late. A consumer may be able to negotiate a delay in their payment or a revised schedule of payments. If the indidual can reach an agreement to change their original contract, they need to get it in writing to avoid questions later.

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Bad Credit MD, is a free On-line consumer information guide that helps people with credit problems in Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge. To contact the company spokesperson, go to https://plus.google.com/u/0/104692534381789121018/posts