11/20/2023 0 Comments Exeter finance repo policyWhen you receive a reinstatement quote, it typically is only good for a couple of weeks.If you don't have enough money to cover the back payments, you may be able to arrange for a partial reinstatement or a new payment plan. In some instances, an attorney may be able to get late fees dropped, get the repossession fees dropped, or work with the lender to adjust your interest rate or refinance your car on terms that are more affordable to you.However, keep in mind that an attorney's fees may be outweighed by the fees you would pay to the lender and the repossession lot to get your car back.Many attorneys are willing to provide a free consultation, so you don't have anything to lose in at least talking to someone, even if you ultimately decide you cannot afford an attorney.Bar associations also often have attorney referral programs, where you describe your situation and are matched with attorneys who are best able to help you.Many local bar associations have searchable directories on their websites. To find an attorney, look for a consumer debt or credit attorney who is licensed to practice in your area.If the lender is unwilling to negotiate with you, an experienced consumer rights or debt attorney may be able to help you work with the lender to get your car back. X Research sourceĬonsider consulting an attorney. Keep in mind that even in states with laws that give you the right to reinstate your loan, you have an extremely short period of time – typically 15 days – after your car has been repossessed to request reinstatement.Make sure you read up on your state's law and understand your rights before you call. If you live in a state that provides you with the right to reinstatement, you're on better footing – even if reinstatement is not included in your loan agreement.Your lender will send you a written notice with the reinstatement quote and the amount of money you must pay to bring your loan current. Ask your lender for a reinstatement quote.Having an existing relationship with the representative may help your case. If you've previously dealt with a certain individual, you may want to speak with him or her first.Unless your lender has a dedicated line for repossessions, you typically can call the lender's general customer service number.
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