Fort Lauderdale, FL -- (SBWIRE) -- 01/26/2010 -- A loan is a type of debt which is taken by the borrower from the lender. Loans can be of different types such as secured loan, unsecured loan, mortgage loan, demand loan, etc. Each loan can further be classified as home loan, car/ auto loan, personal loan, educational loan, business loans, etc. We will specifically discuss about Car/ Auto Loan. A loan/ debt which is taken out to buy a new or used car, is called as a car/ auto loan. There are of two types, i.e. direct and indirect loan. When the borrower/ consumer directly take loan from a bank or any financial institution, it is called as a direct loan, and when a consumer gets loan as a result of a deal between the car sellers and bank/ financial institution, it is called as an indirect loan.

Now, as we all are aware of the current recession, it is difficult to pay high installments. Hence, we at Auto Relief Group can assist you in modifying your loan, renegotiating car loan or lease, extending terms, reducing payments etc which will help you avoid repossession and maintain ownership of your car. Auto Relief Group follows a simple three step process to help you modify your loan and own your car in just 3-5 weeks.

The first step is to prepare an Options Report. This report is customized/ personalized according to the data provided by the customer. It will give a detailed explanation of the options a customer is having and what are the pros and cons of each option. This step takes about 3-5 days and your detailed options report is delivered to you at your door step. You can review it and get back to ARG for further processing.

The next step is to decide whether you want to engage yourself with Auto Relief Group or not. ARG can help you with restructuring/ modifying your auto loan. It acts as a third party between the customer and the current lender and mutually works with them to find a solution beneficial for both the parties.

The third and final step will be the actual closing and execution of modified loan documents. Auto loan documents are simple and do not require much of additional filings, taxes or stamps, etc. Once you accept the new modified terms, ARG will use a Mobile Notary Service that will meet you and notarize your new loan documents, concluding the procedure. The entire process only takes a few weeks and it is never too early to prepare yourself to avoid repossession.

About Auto Relief Group
Auto Relief Group was founded to help customers deal with their auto loan payments in time of need. Over the years each member of their team has developed a stellar reputation, and industry connections, allowing the company to quickly identify opportunities and act to assist the clients in their efforts to reduce their payment and keep their car, SUV or truck.

For more information on Auto Relief Group and its scope of services,

Visit: http://www.autoreliefgroup.com/default.aspx

Contact:
877.216.7203
autoreliefgroup@gmail.com