About The Consumer Law Office of Steve Hofer

Steve Hofer has been practicing consumer law in Indiana for more than 20 years. He is a former Indiana State Chairperson of the National Association of Consumer Advocates, a national organization of attorneys striving for fairness in the consumer marketplace. Contact me by phone at 317-662-4529 or via email at hoferlawindyATgmail.com. You can also leave a message through my website at www.hoferlawindy.com.

Thursday, November 15, 2018

Total Resource Auctions and Nextgear Repos

I talk to a lot of dealers who are shocked to find out how little Nextgear sells their cars for after the cars are repossessed by Nextgear.  I have had dealers tell me that Nextgear waits until the end of the auction to sell the Nextgear repos - after the majority of the bidders have gone home.  Then there is another possibility.  Mannheim Auctions has a separate division, "Total Resource Auctions"  that according to its website specializes in nondrivable and salvage vehicles.  If drivable repossessed vehicles are sold there, it seems a good case could be made that the sale is not commerically reasonable under the Uniform Commercial Code.  https://publish.manheim.com/en/services/unique-vehicles/salvage.html

Thursday, November 1, 2018

Lifeway Credit Union and contracts from The College Network - Looking to set up group action

I have a client who is looking to join up with other former students/customers of The College Network for defensive and offensive action against Lifeway Credit Union.  This includes looking at the company's credit reporting practices. This may be a class action, but more likely would be a multiple plaintiff non-class action, or even coordinated offensive/defensive actions.  If you are paying on a Lifeway Credit Union College Network debt and think you should be able to stop, or if you stopped and are facing collection actions or bad credit reporting, please contact me at 317-662-4529 or hoferlawindyATgmail.com. (of course substitute the "@" symbol for "at" in the email address above.  If you email me, please put "college network" or "Lifeway Credit Union" in the text of your email.  Thanks. Steve Hofer