Car Title Loans

A car title loan is supposed to be a short-term loan. But the steep  interest rates make it almost impossible to pay off. The debt soon  doubles or triples. Then the repo man comes to take your vehicle.

We Can Help – Complimentary Bankruptcy Consultation

If  you are in this situation, call the law firm of Robert J. Adams &  Associates. We will help you file for bankruptcy protection to save your  car and deal with your debt. Our Illinois bankruptcy lawyers have  helped many clients in Chicago and Lake County escape from the heavy  burden of car title loans.

A SHORT-TERM LOAN BECOMES A LONG-TERM NIGHTMARE

Car  title lenders prey on desperate people with poor credit. They loan cash  with your car as collateral. A typical car title loan (also called a  title pawn) is for 15 to 30 days at an interest rate or 25 percent or  more. If you can’t pay off the loan on time, it can be renewed month to  month. This adds up to a 300 percent annual interest rate, which they  don’t tell you in the fine print. A loan for $2,000 quickly becomes a  debt of $4,000 or more, with no hope of paying it off.

Many  lenders also require you to provide a key to your car for easy  repossession if you stop making payments. If they don’t get their money,  they get your car.

CHAPTER 13 BANKRUPTCY FOR CAR TITLE LOANS

Our  attorneys can take quick action to get you into a Chapter 13  bankruptcy. From the day that you file for bankruptcy, lenders can no  longer harass you for payment or repossess your car. If your car has  already been repossessed, it may be possible to get back.

In  Chapter 13, you pay back part of your debts over time, based on your  ability to pay. It gets creditors off your back and gives you financial  breathing room. Just as importantly, it lets you keep your vehicle that  you need for family and employment reasons. In fact, Chapter 13 can  restructure your original car loan to reduce the payments, interest or  duration.

GET A COMPLIMENTARY CONSULTATION

If  you are in over your head from car title loans, payday loans, signature  loans or other debts, there is relief. We provide affordable terms for  filing bankruptcy, including Low Cost for qualified earners.

Is  your car title loan becoming a nightmare? Do you want to get rid of the  car title loan and pay back your debts peacefully? Call Robert J. Adams  & Associates based in Chicago, IL to discuss your financial issues  with our experienced debt relief attorneys. We have offices located in  Waukegan and Lake County, Illinois and we also help clients in  surrounding areas. We have experience aiding people with bankruptcy,  debt relief, foreclosures, repossessions, paycheck garnishments,  collections suits, payday loans, parking tickets, license suspensions,  income tax problems and much more. For a debt free NEW START, call today  to speak to our experienced bankruptcy lawyers and debt relief  attorneys. We can help you file for Chapter 13 Bankruptcy for car title  loans and get the creditors off your back in no time.

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