Indiana Consumer Law Group

MARCH 24, 2022

The lawsuit alleges that Financial Center First Credit Union repossessed our client’s car. The lawsuit therefore contends that the letter is misleading and unfair because it falsely states that a consumer or someone associated with them could purchase the repossessed car at auction when that was not the case. Continue reading.

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Sawin & Shea

MARCH 23, 2021

Is a car repossession looming in your future? Car repossession is one of the many reasons people contact the Indiana bankruptcy attorneys here at Sawin & Shea. Here’s some good news: You don’t have to just give up and allow your car to be repossessed. Don’t let a car repossession happen without talking to an attorney first.

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Repossession Chapter 13 bankruptcy Bankruptcy Creditors 52

Jimerson Firm

NOVEMBER 16, 2020

The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession. In Florida, a secured creditor may use self-help repossession without going to court, provided it does not “breach the peace.” § 679.609(2)(b), Fla. Debtor’s Consent to the Entry and Repossession.

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Account Recovery

JANUARY 5, 2023

The Consumer Financial Protection Bureau and the Attorney General of New York yesterday filed a lawsuit against an auto lender, accusing it of tricking consumers into high-cost loans on used cars that resulted in unaffordable monthly payments, vehicles being repossessed, and customers facing debt collection lawsuits.

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Lender Repossession Collections Loans 243

Account Recovery

DECEMBER 21, 2022

billion in an enforcement action related to “widespread mismanagement” that led to illegally repossessing cars and consumers losing their homes while also … The post CFPB Doles Out Largest Fine Ever Against Wells Fargo first appeared on AccountsRecovery.net.

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Repossession 246

Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. How does repossession work? Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments.

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Repossession Lender Bankruptcy Collateral 52

Sawin & Shea

MAY 26, 2020

I’m here to talk to you today about repossessions. I know currently with this current COVID-19 crisis, many car lenders have voluntarily suspended repossessions. There is no state mandate keeping them from repossessing cars. Give us a call, if you have any questions about repossessions. This is voluntary.

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Account Recovery

MAY 3, 2022

The report spotlighted problem areas, including wrongful auto repossessions and failures to conduct reasonable investigations when consumers dispute debts, but also included violations related … The post CFPB Supervisory Highlights Report Spotlights Issues Found in Debt Collection Exams appeared first on AccountsRecovery.net.

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Troutman Sanders

OCTOBER 15, 2020

Specifically, the CFPB alleged that Nissan violated the Act in four ways: By repossessing vehicles between 2013 and 2020 even though customers had already made payments or taken action that should have prevented repossession; By requiring customers to pay a $7.95 Nissan also agreed to non-monetary relief as part of the Order.

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Repossession Bankruptcy Loans 72

Public Citizen

DECEMBER 20, 2022

Consumers were illegally assessed fees and interest charges on auto and mortgage loans, had their cars wrongly repossessed, and had payments to auto and mortgage loans misapplied by the bank. Wells Fargo also charged consumers unlawful surprise overdraft fees and applied other incorrect charges to checking and savings accounts.

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Repossession Foreclosure Loans Banks 40

Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. How does repossession work? Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments.

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Repossession Lender Bankruptcy Collateral 40

UK debt collections

FEBRUARY 10, 2023

Repossessions by landlords hit 5,409 between 1 October and 31 December last year, which was almost double the number in the same period in 2021, according to new Ministry of Justice figures for England and Wales. Social landlord repossessions were highest in Preston, Lancashire, with 146 per 100,000 households.

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Repossession 59

Indiana Consumer Law Group

JANUARY 3, 2018

The lawsuit alleges that agents of Tri-Force breached the peace when they attempted to repossess a vehicle from our client and then, when our client physically resisted the repossession (as was his legal right to do), engaged the police to coerce our client to relinquish possession of the vehicle and thereby accomplish the wrongful repossession.

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Repossession Credit Unions Credit Unions Legal Rights 40

Indiana Consumer Law Group

JANUARY 12, 2017

over a repossession that allegedly did not comply with Indiana law. Specifically, the repo agent is alleged to have breached the peace in repossessing the plaintiff’s vehicle. Indiana law, like most states’, permits a lienholder to repossess a car when the owner defaults on the note. hooked up to) the vehicle.

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Consumer Finance

MAY 1, 2022

Today the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the second half of 2021. The report details key findings across consumer financial products and services.

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Troutman Sanders

FEBRUARY 24, 2023

The data requests are extensive and request information about originations, servicing, and repossessions over the past five years. Repossessions Specifically, the CFPB requests information on the circumstances leading up to a repossession, and the impact of a repossession on the borrower and lender.

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Lender Repossession Loans Collections 52

Roths Child Law

MARCH 15, 2023

When they can't find a job that offers comparable pay, they may find themselves unable to pay their bills at all in facing foreclosure, repossession or lawsuits from creditors. Even successful professionals typically only have enough money in savings to cover their cost-of-living expenses for a month or two.

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Bankruptcy Repossession Unsecured Debt Credit Card Debt 96

Consumer Financial Services Law

NOVEMBER 12, 2016

Auto loan servicers need to pay careful attention to their repossession practices and particularly, their policies concerning repossession fees. Auto loan servicers need to examine their policies and procedures regarding their repossession practices to insure they are in line with the CFPB expectations. 6 (Issue 13, Fall 2016).

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Repossession Loans 40

Troutman Sanders

MARCH 10, 2023

Auto Loan Servicing: Examiners asserted that some servicers charged late fees that exceeded the permissible amounts stated in borrowers’ contracts or charged late fees to consumers after vehicle repossessions and loan acceleration, even though a monthly payment was no longer due.

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Account Recovery

OCTOBER 14, 2020

The Consumer Financial Protection Bureau yesterday announced it had entered into a consent order with Nissan Motor Acceptance Corp.,

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Repossession Lender 147

Nerd Wallet

JULY 9, 2021

The automatic stay temporarily halts most judgments, collection activities, foreclosures and repossessions of the consumer’s property, which is known as the bankruptcy estate. The moment a consumer files for bankruptcy, such as Chapter 7 or Chapter 13, an automatic stay typically takes effect immediately. What the automatic stay.

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Bankruptcy Repossession Foreclosure Judgment 104

Sawin & Shea

OCTOBER 26, 2022

If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. Repossession deficiency claims. Unlike unsecured personal loans, secured loans involve some form of collateral that the lender can repossess if the borrower fails to make payments. Unsecured loans are loans that don’t have collateral.

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Nerd Wallet

MAY 25, 2022

Ads for “second-chance auto loans” may catch your attention if you need to buy a vehicle and have bad credit, past bankruptcy or previous car repossession. That’s especially true if your goal is to mend your credit. The term “second-chance” implies that making on-time loan payments could offer a fresh start. But you should be.

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Loans Repossession Bankruptcy 72

Troutman Sanders

DECEMBER 7, 2022

The CFPB’s report focused only on the interest rate reduction benefit and protection against repossession. Reserve component servicemembers are less likely to experience reported repossessions during an activation.

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Repossession Personal loans Loans Creditors 52

Nerd Wallet

AUGUST 31, 2021

Until you fully repay the loan, the lender holds the title to the car and can repossess it if you fall behind. Then, it’s yours to drive, while also making monthly payments on the loan (with interest) over time. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com. The article How Do Car Loans Work?

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Sawin & Shea

FEBRUARY 16, 2022

If you’re in an emergency situation such as wage garnishment, eviction, or pending repossession filing an emergency bankruptcy may be right for you. Those filing an emergency bankruptcy receive an automatic stay even before completing certain documents. An automatic stay is an injunction prohibiting creditors from collecting debts.

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Bankruptcy Debt collector Chapter 13 bankruptcy Creditors 98

Sawin & Shea

AUGUST 9, 2022

For those that choose a Chapter 7 bankruptcy, a reaffirmation agreement can help protect property from being repossessed as collateral. It is a contract between the debtor and their creditor stating that instead of having their debt discharged and their property repossessed, they agree to pay some or all of their debt.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Debtor 98

Nerd Wallet

MARCH 21, 2022

Bad-credit car dealerships sell and finance vehicles for people with low credit scores, no credit, past bankruptcies, car repossessions or other credit issues. Some of these dealerships specialize in working with lenders that are more inclined to approve bad-credit borrowers.

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Repossession Bankruptcy Lender Loans 67

Consumer Finance

OCTOBER 12, 2020

The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.

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Repossession Loans Collections 98

Jimerson Firm

JANUARY 16, 2023

Once the lienholder obtains the certificate of release from the clerk’s office, the lienholder or its repossession agent should take the certificate of release to the towing company in exchange for release/possession of the vehicle. To the extent the towing company refuses to comply with the certificate of release, Section 713.78

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Jimerson Firm

JANUARY 16, 2023

Once the lienholder obtains the certificate of release from the clerk’s office, the lienholder or its repossession agent should take the certificate of release to the repair shop in exchange for release/possession of the vehicle.

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Repossession Financial services Retrieval Lender 52

Roths Child Law

APRIL 10, 2023

One of these is when you have to file for bankruptcy immediately to avoid a foreclosure, wage garnishment or repossession Requirement for debtor education Debtor education is meant to equip you with the tools and resources necessary to better manage your finances after bankruptcy.

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Troutman Sanders

SEPTEMBER 22, 2022

Auto finance companies are encouraged to review the applicable SCRA provisions and ensure compliance, including provisions related to: Vehicle Repossession Protections.

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Repossession Loans Lender Financial services 52

UK debt collections

NOVEMBER 16, 2021

Additionally, Mortgage repossessions by bailiffs increased by 756% from 45 between April and June to 385 between July and September. This figure was up 207% from the previous quarter when there were 1,582 possessions. A total of 10,202 possession claims were issued during this period.

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Repossession Government Loans 59

Sawin & Shea

JANUARY 12, 2021

Perhaps you can’t wait to file for bankruptcy because you have a repossession pending or a garnishment that’s about to hit your paycheck. We can talk to you about your tax refund and how a repossession or garnishment could impact it. Garnishments, Credits, and Exemptions Impact Your Strategy.

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Bankruptcy Chapter 7 bankruptcy Repossession Garnishment 124

Sawin & Shea

FEBRUARY 22, 2023

Fortunately, Chapter 13 bankruptcy offers debt relief and a solution for stopping mortgage servicers from repossessing your home. Once you file, you’ll receive an automatic stay stopping any action against your home, meaning that mortgage servicers cannot repossess it as long as you make on-time payments according to your repayment plan.

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UK debt collections

AUGUST 15, 2022

In May, the government said it will add £10m every year to the legal aid budget available for tenants and leaseholders fighting evictions and repossessions. It said overall landlord possession claims were down by 32% compared to the equivalent quarter in 2019, and repossessions by county court bailiffs were down by 34%.

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