The Sequoia Law Firm assists borrowers who have been sued (or will soon be sued) by auto lenders claiming a deficiency balance on an auto loan after repossession.

In California, if you surrender your vehicle (involuntary or voluntary for whatever reason), and you have a loan for that vehicle, the lender will sell the vehicle at a public or private sale. 

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Often, the money received by the lender at the sale is not enough to cover the unpaid loan balance plus the lender’s costs.  The difference is called a “deficiency,” and the lender will not hesitate to come after you for it by sending letters, making collection calls, and eventually filing a lawsuit to recover the deficiency balance. If you do not respond to the lawsuit, the auto lender will obtain a deficiency judgment against you, and it may garnish your wages or levy your bank accounts.

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In California, auto lenders must comply with various notice requirements after a repossession occurs, and if they fail to do so, or the notice is inaccurate, the lender cannot collect any judgment in court. 

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When you work with The Sequoia Law Firm, we examine your case and determine the best defense strategy for your unique circumstances.  If a lender is threatening to sue you, or you have been sued following a repossession, do not ignore the problem and do not assume you have no defenses.  Even if a judgment has already been entered against you because you did not respond to the lawsuit, contact us to discuss your options.