Few financial setbacks can feel as sudden and stressful as having your vehicle repossessed. Many people rely on their vehicles for their everyday routines. You may rely on your vehicle for work, school, getting groceries, and other responsibilities. Many people in Waco experience repossession after they fall behind on payments due to issues like job changes, divorce, and a personal injury that causes mounting medical bills. Call us today to work with our Waco, TX car repossession lawyer!
Waco, TX Car Repossession Lawyer
In Texas, lenders often have the right to repossess a vehicle if you default on your loan. However, repossession agents still must follow laws, and they can’t breach the peace. Not breaching the peace means not engaging in actions like threats, damaging property, using force, or entering locked garages.
The unfortunate reality is that some repo agents or lenders sometimes ignore the rules. Our team can review what happened during the repossession to determine whether your rights were violated. If the repossession was conducted illegally, then you might be able to recover the vehicle or pursue compensation.
Many people think repossession ends the debt, but that’s rarely the case. After the lender takes your car, it’s typically sold at auction. If the sale doesn’t cover the full balance of your auto loan, the lender may try to collect the remaining amount—known as a deficiency balance. These amounts are sometimes inflated with fees, storage charges, and unfair valuation practices.
It’s critical to take action as soon as possible, and we recommend speaking with us even before your car is repossessed. If you’re behind on payments, we can provide early legal advice. We can review the terms of your loan, identify lender violations, and work with you in negotiating a realistic payment plan. Depending on your situation, we may even recommend filing for bankruptcy, which can immediately stop a repossesion through an automatic stay.
Our Experience Matters For Car Repossessions
Our Waco car repossession lawyers come equipped with over a decade of legal experience.
- We focus on bankruptcy and personal injury cases, and our team understands how the two are often related. Dealing with a personal injury can cause people to go into debt, which can escalate into having their car repossessed or needing to file for bankruptcy. We always provide a tailored solution for our clients, and we can help you explore your options.
- Our managing attorney, Marcus Leinart, founded our law firm in 2005. Over the years, he has helped several clients retain their houses, cars, and discharge debts.
- Richard Anderson III is our senior Texas bankruptcy attorney, and he’s been providing his legal services for our clients since joining our law firm in 2005. While he attended Southern Methodist University, he participated in a community service project at the Dallas District Attorney’s office.
Dealing with a repossessed car or the looming threat of one can be overwhelming, but our team can help you move forward. Call us today at Leinart Law Firm to schedule a case review with our Waco car repossession lawyer!
