Are you being garnished by Brite Financial?
Has Brite Financial repossessed your vehicle and attempted to sue you for the deficiency?
Do you have a high interest car loan from Brite Financial and your vehicle broke down?
WHO IS Brite Financial?
Brite Financial Corporation is an automobile financing company that works with car dealers to provide financing to high credit risk individuals at a high interest rate. At times, the interest rate provided will be just below the statutory limit at 24.99%. We have found from our experience that Brite Financial is aggressive at repossessing automobiles when an individual becomes past due. After repossession, Brite will sell the vehicle and ultimately sue the individual for the difference between the sale price of the vehicle and the amount the individual owed. This is called the deficiency balance. The deficiency balance can range from a small amount to as much as $15,000.00. Once a Complaint is filed seeking judgment on the deficiency balance, it is very difficult to succeed in court as the contract terms have already been agreed upon. In a vast majority of cases, Brite will be successful in obtaining a judgment. After Brite obtains a judgment, they can begin garnishment proceedings immediately.
Our office has worked with hundreds of individuals who have experienced financial problems as a result of their agreements with Brite. We have found that the car dealerships that work with Brite have sold a number of vehicles that have problems resulting in the vehicle breaking down shortly after purchase.
HOW OUR OFFICE CAN HELP WITH PROBLEMS WITH Brite Financial?
Detroit Lawyers can stop a garnishment by Brite Financial immediately and discharge any obligation that was previously owed to them. By filing a bankruptcy case, we will contact it’s attorneys to get the garnishment stopped. If it has taken over $600 within the last 90 days prior to the filing of the bankruptcy case, we will get that money back for you as well.
If your monthly payment owed to Brite Financial is too high as a result of the interest rate, we can reduce the interest rate in a Chapter 13 plan. If your vehicle is over three years old, we can reduce the amount owed on the vehicle to the fair market value of the vehicle.
BITE BACK AGAINST Brite
Don’t accept Brite Financial taking 25% of your paycheck. Do not continue to pay a high interest rate on an old vehicle that is breaking down. Contact our office today at 248 237 7979.