If you find yourself overwhelmed by debt, chances are that you are also dealing with phone calls from creditors and dealing with threats of certain collection actions, including repossession. You may be wondering if an Ohio creditor can actually take your vehicle, and the answer is yes, that is possible. This may seem like a violation, but you would be wise to know your options and your rights as a consumer, as well as how to make the repossession process stop.
Your financial situation may have reached a level where you can no longer keep your head above water. You began looking for debt relief alternatives, and you believe that bankruptcy may be a viable option for you. When you explore the possibility further, you begin to see discussions about how the process handles your debt depending on whether it's secured or unsecured.
To say that payday loans are a trap may be an understatement, in the opinion of many financial counselors. The payday loan industry entices borrowers who are desperate or don't have the time or resources to investigate other ways to solve their financial crises. Perhaps you were in that situation when you took out your payday loan.
After deciding to take the leap and move forward with bankruptcy to address your overwhelming debt, you may feel a sense of empowerment due to having a solid direction in which you would like to move. Of course, the bankruptcy process involves several steps, and that sense of empowerment may quickly turn to confusion if you do not know how to begin your process. Luckily, many of the steps have a relative simplicity.