How Do Repossessions Work?

Do you need help recovering your overdue payments or equipment?

Are you having trouble making ends meet?

Did you know that in most states, as a creditor, you can seize a car if a customer defaults on their loan or lease?

You may be asking yourself, “How do repossessions work?”
1.    Lenders can seize cars without notice if a debtor is in default.
2.    You can keep the car or sell it to satisfy your debtor’s default payments on your loan agreement.
3.    If applicable, your debtor is responsible for the deficiency balance of their loan until the loan is completely paid off.
4.    Your debtor can try buying back the car or the loan may be reinstated.


We don’t recommend D.I.Y. repossessions unless you are absolutely sure of your rights and responsibilities. Professional debt collectors understand how to comply with the law and stay safe. If you have questions about how repossessions work, we invite you to speak with an experienced debt collector in Michigan. We’re happy to discuss your options!

Call An Experienced Debt Collector in Michigan Today!

If you’re a business owner, you may decide that having a debt collection law firm work on your unpaid invoices is your best choice. That’s an area we specialize in, and we’re happy to discuss your options.

The law firm of Muller, Muller, Richmond, Harms & Myers, P.C., has successfully represented and handled collection matters for more than 55 years. Our attorneys know how to get results for our clients and they’re dedicated to getting a satisfactory outcome. Contact our debt collector in Michigan today at (248) 645-2440 for a free no obligation consultation.

Miscommunication Could Be The Reason For Late Payments

Do you have a good relationship with your customers?

Do you have a clear payment policy?

Have you considered that there may be a miscommunication as to what day payments are due?

According to Zlien.com, a website that allows businesses to send and file documents for liens, “47% of suppliers are paid late by their best and biggest customers.” Zlien suggests that some suppliers offer discounts for companies that pay early, but large companies with cash on hand don’t need those financial bonuses like small companies do. Is this the case for your business? Are you frustrated by having to take out small business loans in order to make ends meet?

We’ve been a successful Michigan collection firm for 55 years. This is possible because our experienced attorneys work very hard to get results for you! Not only do we listen to our clients, but we use time-tested tactics to collect the money owed to you.

Need help coming up with a strategy that will help payments come in on time? At Muller, Muller, Richmond, Harms, & Myers, P.C. we can help you strategize and come up with a plan for your business that will help you recover overdue payments.

Attorney For Debt Collection in Michigan: Get Started Today!

Our attorneys know how to get results for our clients and they are dedicated to getting a satisfactory outcome. Contact our firm for debt collection in Michigan today at (248) 645-2440, or fill out our contact form for a free no obligation consultation.