Car Loan via Assume Balance Payoff or Impounding - A New Way to Stay Out of Replevin Case and Respossession of your Auto

One of the worst dilemma of a car buyer who opted in for car financing or mortgage loan with banks or financing companies is repossession. When this happens, it's your worst nightmare on the way to coming true. The reason is because you will end up with at least 2 court cases - replevin case and BP-22 case. In the Philippines this is 2 of the worst financial case you won't want to end up with. The reason is because if you have either under your name, chances are, you won't be able to qualify for many types of collateral and non collateral loan anymore.