Repossession Attorney In Chesterfield
When it comes to paying your bills, you may be struggling to make ends meet. Perhaps you’ve gone through a messy divorce or you simply have lost income at a job. Whatever the case may be, you may be facing repossession of your car, boat, motorcycle or other property. If you’re dealing with this tough situation, you need a repossession attorney in Chesterfield to help you avoid this devastating process. Our firm here at Teague & Associates, LLC are ready to assist you with all of the steps of the repossession process. Take a look below at what you need to know about this process and how we can help.
What Is Repossession?
In basic terms, this means reclaiming the property that you currently have possession of. This means that you are not finished paying the loan off and it can be taken by the bank to cover the loan amount you still owe. For example, if you have a loan out on your vehicle and you haven’t been able to pay it, the bank can come and take the car back to for the value of the car. A problem that may arise is that the value of the vehicle is no longer sufficient for the amount you still owe.
What Happens When It Is Repossessed?
In reality, the process can start as soon as you miss a loan payment. The financial institution can come on your property or wherever the car is and take it back. The only rule they have to follow is that they do not use threats of force or “breach the peace” when it comes to removing the property.
You do have rights and a way to help stop this process. When you work with a repossession attorney in Chesterfield here at our firm, we can help you navigate this tricky situation. Call our firm today at (314) 899-4499 to discuss your case.