Going on a Road Trip? Don't Let Auto-Repossession Spoil Your Summer Vacation

    KNOXVILLE, TN, August 13, 2015 /24-7PressRelease/ -- It's a given that road trips are in season during the summer months, but what if your vacation is thwarted by an auto-repossession? Thankfully, there's a few precautions that can be followed to avoid the situation - which causes problems to your schedule. With this being said, here's a look at a few methods to avoid car repossession. ... and the difficulty that comes with it.

How To Avoid Auto-Repossession

It can be tough to make all car payments, with extremes leading to a repo man showing up and taking your vehicle. Here's a few tips to keep you in the clear if you feel an impending repossession of your vehicle heading your way:

Keep Good Credit - Everyone falls on hard times, but your credit history depends on how a repossession is handled. Many loans companies will understand your situation, yet a spotty history will keep a repossession out of your favor.
Negotiating the Lending Institution - Negotiating with your lending institution will help settle some issues you may have with your loan. The fact that you're showing concern regarding the future of your automobile will put the odds in your favor - especially if you pull through.

Speak With the Repo Man - As intimidating as it may sound, it's possible to talk the repo man out of hauling your vehicle away. Since they've seen everything, speak with the repossession agent to find an agreement if possible.
Make Partial Payment - Repossessions should be avoided at all costs, but if push comes to shove. ... make a partial payment. Although this can vary by the state you live in, it could buy you time until the vehicle is stripped from your possession.

With the information above, knowing what you can - and can't - do regarding vehicle repossessions is necessary. Thankfully, Clark & Washington is on your side to help you make the appropriate decisions to keep your vehicle in your possession.

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit www.knoxville-bankruptcy.com.

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