How To Stop Your Car From Being Repossessed

June 14, 2014 - PRLog -- The consumer organization InfoAviator describes the best way to stop an automobile repossession that tells these frantic consumers on the measures they are able to take if their car is in danger of a repossession.

It is likely that you rely on your vehicle to get you where you should go and when you should go. Whether it is to work, school, the supermarket, or the soccer field.

When you finance or lease a vehicle, your creditor or lessor has significant rights against your automobile until after you have repaid your loan or lease obligation. These rights are created by the contract you signed and the law of your state. Your lender also may have the ability to sell your contract to a third party, called an assignee, who may have exactly the same right to capture the automobile as the first lender.

InfoAviator, a free consumer self-help information and discussion guide that provides individuals with common questions and helpful answers about various situations that can arouse in life. One of their specialty topics they cover is to help inform consumers on their legal rights and the measures they are able to take if their vehicle is in danger of being repossessed by their bank or lending institution. This information can be found at http://infoaviator.org/autos/2014/06/08/how-can-i-stop-my... along with other great advice on personal credit issues and a variety of other topics.

To find out even more about your rights and special repossession requirements in your state, contact your state Attorney General or local consumer protection bureau.

If you will need help in coping with your contract, consider contacting a credit counseling organization. However, consumers should know that a "Not-For-Profit" standing isn't a guarantee an organization's services are free, affordable, or even valid.