FIRST: The client must understand that your loan must be repaid, regardless of whether the car is running or not, (or, for that matter, whether or not she even has the car). SECOND: Does the character of this client warrant the possibility of a car repair loan? THIRD: Does the client have the capacity to afford additional debt? FOURTH: Repossessing the car will probably be more trouble than it's worth. (Towing, storage, selling it, etc., etc., etc.) FIFTH: Is the original dealer willing to take any responsibility for at least partial cost of the repairs? SIXTH: This is never a good situation. My best advice is to do what your gut tells you to for the good of the program. (We have a certain degree of responsibility toward the client, but at what cost?)
Robert M. Sukel Ways to Work Program Manager Family Services 212 E Exchange Street Akron OH 44304 (330) 376-9494 Ext. #214 [EMAIL PROTECTED] -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of [EMAIL PROTECTED] Sent: 12 March, 2003 2:06 PM To: [EMAIL PROTECTED] Subject: Re: [WTW] Blown engine I have a borrwower that has only had her car about 4 months and the engine blew. The original purchase amount was only $2200. I found a engine mechanic that will replace the engine with a 6 month guarantee for about $1000 and we could give her a car repair loan. The car is sitting at a garage about 18 miles from here. I have spoken with the borrower several times regarding options. Without an engine the best she may get is around $500. Have any of you been faced with this delema and how did you handle it. I don't seem to be getting much of a response from her because she has too many people giving her advice. Do I just repossess it and sell it to a junk yard? What a difficult situation. The good news is. The longer the program goes on the more I learn about cars! Carolyn in Danbury
