There are two situations relating to car purchases that consumers encounter with some frequency: unlawful repossession and dealer fraud in the financing part of the transaction. At Modestas Law, we help consumers who are victimized in both of these cases as part of our consumer rights practice.
Illinois laws impose specific requirements for creditor agents who repossess a car when a buyer defaults on car payments. If the requirements are not met, the repossession may be illegal. In many cases of unlawful repossession, the consumer not only gets the car back but can also recover money damages.
There are a number of reasons that a repossession can be illegal:
If your car has been repossessed and you suspect the repossession may be illegal, Modestas Law has the experience to help you.
Increasingly, consumers are reporting that car dealers engage in fraud relating to the financing arrangements for an auto purchase. There are a number of different ways auto finance fraud can occur. Unsuspecting car buyers who are victimized by this type of fraud can get relief under federal and state laws.
There are quite a few different types of car finance fraud. The most common ones are:
There are other scams that dealers can run during car financing negotiations as well. The best way to guard against all these scams is to shop around for financing — rather than relying on the dealer for financing — and know your credit score in advance. However, if you fell victim to one of these scams, there are laws to protect you. An experienced auto finance fraud attorney will be able to evaluate your situation and advise you of your options.
At Modestas Law, we have the experience and skill to help with cases of illegal car repossession and auto finance fraud. We serve Illinois clients in Chicago, Cook County, DuPage County, and Will County. Our office is located in Burr Ridge. Contact us to schedule an initial consultation.