If there is a default on a secured credit transaction,the only remedy is litigation.

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If a default occurs in a secured credit transaction, the creditor may also have the right to repossess the collateral. Repossession is often quicker and less costly than litigation. However, if the collateral does not cover the debt, or if the debtor disputes the creditor's right to repossess, then litigation may be necessary to resolve the dispute.

If There Is a Default on a Secured Credit Transaction,the