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Good morning to all.
In Montgomery and Dothan, Alabama, we have bought
back defaulted loans and repossessed autos on delinquent accounts. The
buybacks were a result of the repossession company not being able to locate the
autos. In some cases, the repossessions resulted in decent sales prices at
auction, which helped reduce the loss.
In either case, there is usually a balance that is
still owed to Ways to Work/Family Guidance Center. I would like to send a
letter to the consumers who actually still owe WtW/FGC a balance. Before I
create the letter, I want to find out if any of you have a form letter that you
send to consumers who still owe your agency a balance after you have bought
the loan back from the bank. If you do, I would greatly appreciate you
sharing it with me. Also, suggestions on collecting on such loans are
welcome.
Thanks much.
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- Re: [WTW] Collections on Buybacks/Write-offs Angie Butterfield
