Are you behind on your car payments? Sometimes when finances don’t meet your monthly needs, it may seem that skipping a car payment is the easiest path to take. Skipping the payment will make it easier to meet other expenses you have this month. You intended to catch up on the payments, but the next month proved to be just as financially tight. Whatever the reason, job loss, medical expenses, extra fees for the children’s activities, the money available is not enough to meet your obligations.
Your loan for the car is with a bank or finance agency specializing in car loans. You have not heard from them lately, but now a company called Autovest, LLC, or Michael Andrew and Associates LLC is contacting you.
Who Are They?
Autovest, LLC is a private investment company that acquires the automobile portfolios that are in distress. They may have acquired your loan in a group from your bank or finance agency. They specialize in the collection of delinquent auto payments and work over the long-term. In the customer section of their website, all customers are referred to Michael Andrew and Associates LLC. They give the payment options of online payment, by phone, in person, by mail, overnight delivery, Western Union, wire or ACH, or payroll deduction.
Will Working With Them Solve the Problem?
It cannot be said for certain because everyone’s situation is different. Maybe, if you have a very small amount owed, and your situation has improved, the problem can be taken care of and solved.
However, many times, because of still having financial problems you will not be able to make the payments or will fall behind again. You will be risking losing your car, which will not improve your situation when you need it to get to employment.
How Can the Problem Be Solved?
Bankruptcy is a scary word, that is most often misunderstood. Bankruptcy does not mean you lose everything you have. This is what most people believe. There are several types of bankruptcy. The two main types are Chapter 13 and Chapter 7.
The characteristic of Chapter 13 is a reorganization of your debt. With the help of an attorney specializing in bankruptcy, you will get relief from the contacts of your creditors and have a payment plan set up through the court trustee. Chapter 7 is characterized by releasing you from most debt, enabling you to have a fresh start.
Many questions about bankruptcy are answered at Bankruptcy Truth. Questions that cover what you can expect before, during, and after bankruptcy. Some of the questions cover bankruptcy basics, benefits of bankruptcy, before bankruptcy, after bankruptcy, debt collection, credit reports, and legal updates. Look over what is in the learning center to educate yourself on the basics of bankruptcy. It isn’t a DIY type thing but is meant to educate you before you talk to the experts who can advise you of the best course for you to follow.
Contact Walker & Walker Law Offices Today
Walker and Walker Law Offices, PLLC have seven attorneys distributed throughout their offices. You may choose an attorney to work with, depending on who you are most comfortable with and the office you visit.
If you are in the area of Minneapolis, Brooklyn Park, St. Paul or Blaine, Minnesota, you can contact the offices of Walker and Walker Law Offices, PLLC. Your consultation visit is absolutely free. There is nothing to lose, but so much to gain in your understanding, and setting you on the path to solving your problem with creditors.
