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OUR GOAL
We are a North Carolina Debt Relief Agency and Law Firm. Our goal is to assist debtors with defending against repossession.
WHAT IS REPOSSESSION
This is the process whereby a secured lender retrieves the property securing the loan issued to a debtor. For example, when you purchase a car from a dealer and do so with a loan the lender has a secured interest in your vehicle.
WHEN CAN A LENDER REPOSES MY VEHICLE
When you default on a loan, the lender can retrieve their property. A default is where the borrow fails to fulfill a material promise in the lending contract: i.e. payment to lender according to terms and sometimes not maintaining insurance on the vehicle. Upon default the lender can request the full balance of the loan is paid in full (see N.C. Gen. Stat. § 25A-19).
WHAT STEPS CAN A LENDER TAKE IN REPOSSESSING MY VEHICLE
Lenders can use reasonable force to retrieve the property. This means calling a repossession company and having them take possession. A Lender can not use physical or deadly force in retrieving the property.
OTHER THAN HAVING MY CAR TAKEN AWAY WHAT ELSE CAN THE LENDER DO TO ME IF I DEFAULT?
The repossession stays on your credit history for several years and will lower your score over a 100 points.
In addition, the lender can sue for the remaining balance on the loan even after they have obtained possession of the property. This is called a deficiency.
DOES IT MAKE A DIFFERENCE IF I GIVE THE CAR BACK VS. THE LENDER TAKING THE CAR BACK
No there is no difference between voluntary repossession where a debtor gives the vehicle back and an involuntary repossession. The effects on your credit and potential liability of being sued still exists.
WHAT ARE MY OPTIONS IF I AM FACING REPOSSESSION
You could enter into some sort of settlement with the lender or you could file for bankruptcy. It would be in your best interest to talk to an Attorney who has experience with repossessions and debt issues can prevent the repossession from effecting your credit.
WHY YOU SHOULD HIRE US
Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, repossession, foreclosure defense, chapter 13 bankruptcy representation, and loan modifications. You may schedule your appointment by calling 704-461-1883 or save 25% off the fees and schedule online.
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Areas of Practice

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Maxwell Law Firm, PLLC is located in North Carolina and represents clients in the Following Regions: Mecklenburg County: Charlotte, Cornelius, Davidson, Huntersville, Matthews, and Mint Hill. | Union County: Hemby Bridge, Indian Trail, Lake Park, Marshville, Marvin, Mineral Springs, Monroe, Stallings, Unionville, Waxhaw, Weddington, Wesley Chapel, and Wingate. | Gaston County: Belmont, Bessemer City, Cherryville, Cramerton, Dallas, Gastonia, Lowell, and McAdenville. | Cabarrus County: Concord, Harrisburg, Kannapolis, and Midland. | Lincoln County: Denver, Iron Station, and Lincolnton. | Cleveland County: Archdale, Boiling Springs, Kings Mountain, Lawndale, Polkville, and Shelby. | Anson County: Ansonville, Burnsville, Mineral Springs, Polkton, and Wadesboro. | Stanly County: Albemarle and Locust. | Rowan County: China Grove, Landis, Rockwell, Salisbury |
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