If you default on your car loan and your lender repossesses your car, you may still owe money to the lender which is called a deficiency balance.
Talk to Your Lender
Lenders may be willing to make payment arrangements or negotiate a settlement for the amount owed.
Contact a Debtor Rights’ Lawyer
A lawyer will be able to explain all your options for dealing with a car deficiency balance and may be able to facilitate the process.
What If I am a Lender?
Seeking assistance from an experienced collection lawyer can help you obtain the deficiency balanced owed.
We can help! Contact Hope Law Firm for all your collections needs at (574) 784-1019.