WHAT IS A REDEMPTION?
Under 11 U.S. Code § 722, Chapter 7 Clients have the statutory right to redeem their vehicle for its value instead of what they owe.
| CURRENT LOAN | REDEMPTION LOAN | |
|---|---|---|
| Length of Loan | 64 | 60 |
| Monthly Payment | $489.00 | $359.53 |
| Total | $31,296.00 | $21,571.80 |
| TOTAL SAVINGS | $9,724.20 | |
The Problem
- You may owe far more on your car than it is really worth.
- You want to keep your car, even after you have filed for bankruptcy.
- You need your vehicle
The Solution
- Our Redemption Program allows you to keep your car by paying fair market value to the creditor, not the amount you actually owe.
- Working with you, your attorney and your creditor, our Redemption Program allows you to take advantage of a better choice.
The Process of Our Redemption Program
- Fill out an application online, or call (800) 721-2800.
- After 24-48 hours, our lenders will let us know if you were approved.
- 722 will provide your attorney with all the documentation necessary to file the redemption in court.
- Once the motion to redeem is granted, we will dispurse the funds to pay off your current creditor.
RE-ESTABLISH CREDIT
ATTORNEY FEE FINANCING
NO COST OR OBLIGATION
AVOID DEALER MARKUPWHAT ARE YOU WAITING FOR? GET STARTED TODAY!
What our customers are saying?
Excellent group to work with. Very informative and thorough. Made us feel very comfortable during the entire process. Highly recommend for anyone needing assistance. Dan was exceptional with updates and communication. Thank you!
Mrs Sharon Monroe from 722 Redemption was such a a Blessing to work with and so Professional !! It's so nice to work with a Company that has Quality people and very helpful, Thank you 722 Redemption sincerely ❤️
Sharon is THE BEST! She was professional, friendly and resourceful throughout my entire experience. I appreciate her dedicated customer service. Thank you Sharon and 722 Redemption!
722 redemption funding was very easy to work with and handled everything for me. They were on top of getting my files submitted and working with my lawyer. It was a pleasure to work with Mr. Scott as well.