Hyundai began providing the Assurance plan back in 2009 when the recession started that hurt automakers and consumers. The assurance plan allowed people who purchased their cars return the vehicles if they lost their jobs without penalty or detriment to their credit. This policy compelled Ford and GM to institute similar programs that have since been discontinued, as reported by USA Today. With the economy improving, Hyundai no longer sees the need for the Assurance program which will no longer be available after March 31st; only 350 cars were returned while the program was in place.
A car loan is just one of the many debts that a person can accumulate. The fees and interest applied o loans and credit cards add up fast. When someone loses their jobs or simply can’t keep up with their bills the debt can be overwhelming. When facing numerous debts a person may be forced to hire bankruptcy attorneys to aid in debt relief.
A number or reasons can cause a person to face crushing debt. Losing a job is just one; many people seek out bankruptcy lawyers for medical debt relief. Even with insurance medical costs can pile up especially if a serious illness is contracted. Comprehending the different ways in which debt can be relived is very troublesome, but a bankruptcy attorney will be able to explain those options. Financial failure is a tough place for people to find themselves but help is available.
