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Credit-Yogi Informs Military Members Facing Auto Repossession That They Are Entitled To Special Considerations

Remember, With Credit-Yogi You Are Never Alone
Remember, With Credit-Yogi You Are Never Alone
All of Credit-Yogi’s information and consultations are given freely without obligation. Consumers can easily and quickly connect to an expert in the area of their concern. Credit-Yogi has relationships with professional consultants, financial experts and attorneys nationwide. Credit-Yogi can help consumers even if they are upside down in equity, have really bad credit scores, don’t qualify for consolidation loans, are unable to pay mortgage debts or have IRS tax debt.

 

PR-Inside.com: 2015-09-30 16:43:37
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual whose auto is no longer his. Military members facing auto repossession don’t have to worry about it happening as much as non-military people. There are special considerations for those serving the U.S. that answer how to stop car repossession, and the knowledgeable staff at Credit-yogi.com can explain them during one visit or call to the site. Some topics to be discussed may include:


• SCRA

• Creditor Repercussions

• Coverage by SCRA

• SCRA Coverage Period

Servicemembers Civil Relief Act (SCRA)

Under the Servicemembers Civil Relief Act of 2003, the creditor (lender who approved the car loan) cannot repossess the vehicle of an active duty military member. In order to qualify for such a consideration, one must have taken out and made a deposit or first payment before he entered the Armed Services. Credit-yogi.com, the most highly rated online dispenser of fiscal information, has more info on this subject and is happy to share it. Stop by or visit the website to learn more.

Don’t face the dilemma of auto repossession alone. Credit-Yogi.com has auto repossession experts in your area ready to help at a moments’ notice. Better yet, they will arrange a free, no-obligation consultation. Simply complete this short request form to get the ball rolling: credit-yogi.com/auto_loan_mod.php

Creditor Consequences if Petitioning Court

If a lender chooses to go to court to gain permission to repossess a military person’s vehicle, he may find himself having to repay all moneys paid in on the loan to this point. If this is the case, he cannot take possession of the car until these repayments have been made. Also, at the request of the soldier, the court can grant a stay of the process for up to 90 days as long as the individual’s military service prevents him from making his payments. This is often a good response to how to stop car repossession because the pressure is on the lender not to go through with the process.

People Covered by SCRA

Simply put, the Servicemembers Civil Relief Act covers anyone who is in military service. These include those in all four major branches of the military (Army, Navy, Marines, & Air Force), reservists, and U.S. citizens serving alongside foreign allied forces. Credit-yogi.com, accessible all day, every day, all year long, has more to share with those interested in this subject. A call or visit to the site can grant access to it quickly. Here is the link to the Credit-yogi.com “request to be contacted form” that will arrange a free, no-obligation consultation with a reputable auto repossession expert in your area. credit-yogi.com/auto_loan_mod.php

Period of SCRA Coverage

This response to how to stop car repossession begins the day one receives his orders for active duty. It will also cover a military person when he is given his date to report for service (reservists), his date of induction (selective service) and if he is legally not participating in active duty due to illness or leave. SCRA coverage ends roughly 90 days after one is discharged, leaves service, or dies.

About Us:

Credit-yogi.com was established 15 years ago and quickly became the top-rated online supplier of accurate, fast answers to the inquiries of consumers. Fueled by thousands of fiscal experts, the website has consistently accomplished its goal since inception. For a cost-free preliminary consultation, dial 1-866-964-9644.

Press Information
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John
Press Release Manager
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email
credit-yogi.com


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