The Wisconsin Consumer Act (WCA) provides protections for consumers in Wisconsin, including those facing repossession. Under the WCA, lenders must follow specific procedures when repossessing a vehicle to ensure that the process is fair and transparent. You can always schedule a free consultation with Attorney Nate DeLadurantey and he would be happy to answer your questions! Meanwhile, here are a few ideas:
Some key provisions of the WCA related to repossession include:
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Right to cure: Before a lender can repossess a vehicle, they must provide the borrower with notice of default and an opportunity to "cure" the default by bringing the account current or otherwise resolving the issue.
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Notice of sale: If the lender does repossess the vehicle, they must provide the borrower with notice of the intended sale at least 10 days before the sale is scheduled to take place.
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Notice of deficiency: If the sale proceeds are not enough to cover the outstanding balance on the loan, the lender must provide the borrower with notice of the deficiency and an opportunity to dispute the amount owed.
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Redemption rights: In some cases, the borrower may have the right to redeem the vehicle by paying off the entire balance of the loan, including any fees or costs associated with repossession.
If you are facing repossession in Wisconsin, it's important to understand your rights under the WCA and to take action as soon as possible to protect your interests. You may want to consult with an attorney who specializes in consumer law for guidance on how to proceed.
Maybe you're overwhelmed by the stress of losing your vehicle - or maybe you're embarrassed it was repossessed. Some people feel like talking to a lawyer is intimidating - or that they'll get stuck with a large bill. As you can see from the reviews of other people that received a free consultation (or were a client), Attorney DeLadurantey is always welcome to provide free consultations and is easy to talk with. Pick up the phone and make sure your rights are being protected. We provide representation in automobile and vehicle repossession cases in Wisconsin, including Racine, Kenosha, Green Bay, Appleton, the Fox Valley, Milwaukee, West Allis, Waukesha, Walworth County, Dane County, Madison, La Crosse, Eau Claire, Superior, Ashland, and anywhere in-between.