If you have suffered the anguish of having your automobile repossessed, you may think it couldn't get worse. But sometimes it does because a deficiency judgment could be filed against you.

For example, when your car is repossessed it is sold at auction. If the amount received for the car does not cover what you owed plus the fees and costs of the repossession, then you owe the creditor the difference. The creditor is able to obtain a judgment against you for that amount. The judgment becomes legally enforceable, which means the creditor can garnish your wages, file an Abstract of Judgment on your property, and use any other legal means of collection.

Whether the auto repossession was voluntary or enforced, you need to take action before the deficiency goes to judgment or collection. We have been very successful in negotiating reductions of amounts owed for auto deficiencies. Don't let a bad situation get worse, Call us today and put this problem behind you.