Ready to say goodbye to student loan debt for good? Learn More
X

Redemption / Redeeming a Car

Definition

Redemption is a legal process under the Bankruptcy Code that allows the filer to pay the secured creditor an amount equal to the value of the personal property (usually a car) in exchange for a clear title. The balance left owing on the loan is discharged.

Y-Combinator

Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families resolve their debt and fix their credit using free software tools. Our team includes debt experts and engineers who care deeply about making the financial system accessible to everyone. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.