How to Survive and Prosper After a Financial Misfortune by Tracy A. Carr

Author:Tracy A. Carr
Language: eng
Format: epub
Tags: financial misfortune, bankruptcy, foreclosure, repossession, eviction, prosper, successful, hardship, financial standing, debt management, laws, guide, how to
Publisher: Atlantic Publishing Group Inc.
Published: 2012-07-12T00:00:00+00:00

Ways to Prevent or Overcome Repossession

• Communicate with creditors: It is never a good idea to ignore letters and telephone calls.

• Talk to your creditor: Ask if you can make partial payments until you are back on track financially.

• Do not let lenders know that you no longer want the item and will give it back: They do not want the item; they want your payment.

If you have found yourself at risk for repossession, or have already had your items taken back, there are resources that can help. Consider

the following:

• Private lawyers: Look for those who specialize in repossession laws. See the Fair Debt for Consumers group at http://fairdebtforconsumers.com.

• Non-profit organizations: Look into the American Recovery Association at www.repo.org and the National Foundation for Credit Counseling at http://nfcc.org.

• General Web sites: Try www.expertlaw.com.

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