Hartford Consumer Debt Lawyer Discusses Being Notified Prior to Repossession

I am often asked as a Hartford Consumer Debt Lawyer if you will be notified prior to your car being repossessed. In Connecticut, if your car is repossessed, the original lender has two options in connection with the repossession:

• They can either notify you in advance that your car is going to be repossessed
• or they can notify you afterwards that your car has been repossessed and offer you a right to cure the default.
• If the note arrives before the car’s been repossessed, you do have the opportunity to reinstate the loan by paying the past due amount plus any additional charges.

I advise clients as a Hartford Consumer Debt Lawyer that once the car’s repossessed, the only option is the right to cure the default in which you have to pay the total amount of the original loan plus storage fees and repossession charges.

Are you afraid your car will be repossessed and hoping they will notify you?  Contact our experienced Hartford County Consumer Debt Lawyer.

This informational blog post was brought to you by Attorney Eric L. Foster, an experienced Hartford Consumer Debt Lawyer.