Kimmel & Silverman understands that in these tough economic times your car, truck or motorcycle may have been repossessed and your bank or finance company is coming after you for additional funds, often referred to as a deficiency judgment. Too often lenders have taken advantage of consumers who find themselves in these unfortunate circumstances. We have the expertise to help you.
Under laws applicable in each State, any bank or finance company seeking to repossesses your vehicle, sell your vehicle at auction and charge a remaining balance (referred to as a deficiency) they must comply with a highly regulated and precise process - designed to protect your interests. If they do not follow these procedures strictly and to the letter of the law, you may be entitled to the return of your vehicle or a reduction, or in some instances, a complete elimination of any outstanding amounts due.
We have organized a new division focusing on vehicle lender abuse to help our clients. Too often lenders have taken advantage of consumers in connection with the repossession, sale and assessment of a deficiency balance of their vehicles. If your vehicle has been repossessed and you think there has been any lender abuse such as:
... please contact us.
Free of charge, after receiving your paperwork, we will look at the process, top-to-bottom and try to help you as best we can avoid an unlawful repossession or minimize the amount owed to your bank or finance company.