Repossession Lawyer in Loveland

One of the most troubling aspects of being under financial stress or over your head in debt is having to face threats on the property you own. For instance, the threat of foreclosure can be scary to live with on a daily basis, especially if you are the head of household for your family. Similarly, the threat of repossession of a vehicle can be damaging to you and your family in more ways than one.

If you or a loved one are facing repossession of a vehicle, it is critical to act quickly and do whatever it takes to prevent that from happening. One of the most viable ways to protect your property is by reaching out to a repossession lawyer to see how they can help. Through multiple legal strategies, you can ensure that your property remains with you.

Give our law office a call as soon as you can to schedule a free consultation so we can learn more about your situation.

Can a Repossession Hurt My Credit Score?

One of the overlooked aspects of repossession is just how impactful it can be to your credit score. If you have reached the point where your vehicle might be repossessed at a moment’s notice, it typically means your credit score may already have been impacted through late or missed payments. However, once a repossession takes place, your credit score can plummet even further. Bouncing back from late payments and missed payments can be a lot more doable than trying to recover from the credit drop a repossession can end up giving you.

A low credit score can prevent you from purchasing or even renting a home or another vehicle. On top of the obvious repercussions of repossession, losing your vehicle can alter your everyday life, forcing you to rely on other inconvenient methods to get to work. The added stress a repossession of your vehicle can bring to your life can make your already difficult situation even worse.

How Can a Lawyer Help Me Stop a Repossession from Happening?

One of the most effective ways a lawyer can help you prevent the repossession of your vehicle is by assisting you with filing for bankruptcy. What bankruptcy does is give you an automatic stay on your vehicle. This is a financial protection that you gain from bankruptcy that does not allow creditors to collect payments from you and can also protect your property from being repossessed. Every repossession case is different so it is important to talk with an experienced repossessions lawyer from Loveland to advise you about your best course of action going forward.

In the long run, it may be more costly to lose your vehicle to repossession than contacting a lawyer to help you find a solution to your problem as soon as possible. We can help you prevent your vehicle from being repossessed and get you on track towards a full financial recovery.

Call us today at 970-232-3097 and schedule a free debt strategy consultation.