Portland, Oregon (PRWEB) January 19, 2014
On January 17, 2014, Complete Auto Loans released their auto repossession guide amid mixed-reactions from industry insiders. Traditionally, loan companies have taken a very detached stance when it comes to loan delinquency, but Complete Auto Loans has always portrayed itself as a consumer advocate when it comes to matters that can affect credit scores and loan worthiness. Complete Auto Loans' guide to avoiding repossession is filled with tips that can help borrowers regain their footing on delinquent loans, and it contains good advice about making structured repayments to prolong loan deadlines.
One tip that is suggested in the repossession prevention guide is for borrowers to use the brief period of notification of repossession to "redeem" their cars from the lenders. Depending on how much money borrowers have invested into their automobiles (a factor of the length of the loan and the value of the car) it may actually make fiscal sense for borrowers to take additional consumer loans in order to redeem their cars, allowing them to sell the cars for a greater-than-auction value that can be used to pay down the balance of the loan.
Complete Auto Loans is an online lender and consumer advocacy company that specializes in auto loans for people with poor credit. Between the staff of Complete Auto Loans is decades worth of experience in every aspect of the lending arena. Complete Auto Loans only works with lenders that have relatively lenient policies on loan delinquency, as they understand that borrowers can become behind on auto loans through no fault of their own.