Collections and Debt Management

Collections

Occasionally, situations occur where your payment for a loan may be late, or an overdraft may go on for an extended period. If you find yourself unable to pay when the obligation is due, we ask you to call our Collection Department first. Our collectors are trained to work with the member to resolve situations and help when and where we are able, and may make payment arrangements that may help. Please call our collectors at (740) 397-1136 ext. 120, or toll-free (888) 397-1136 ext. 120 to discuss your situation.

Cosigning for a loan is a huge responsibility and not to be taken lightly. Cosigners can and will be called upon to make payments or pay off a loan at any time, especially if the loan is delinquent or if the collateral is questionable. The loan and the payment history is also reported on the cosigner's credit report, and can affect the cosigner's ability to secure future loans. The cosigner is also responsible for any unpaid balance on a loan after repossession and sale, or in any default situation. Please discuss the long-term and long-reaching responsibility of being a cosigner with a loan officer before cosigning any loan.

Unfortuantely, repossessions do occur after reasonable efforts to collect payments are exhausted. Remember, the borrower (and any co-borrowers and cosigners) is still responsible for any remaining balance after the collateral has been sold in a repossession situation, whether voluntary or involuntary.

Presently, most repos are sold through a Columbus auto auction to get a fair and reasonable market price for the collateral. If we have a vehicle for sale thru the credit union, it will be listed here....

• No vehicles for sale presently
  

 

Homes for Sale

802 N Mulberry St,
Mount Vernon, OH
Asking $55,000
5 bedrooms; 2 baths; living room; dining room; large kitchen; open stair case; Second floor has a small kitchen and a closed in porch; also a closed in back porch on main floor; two car detached old style garage (with the folding doors) and a wood shed attached to the back of the garage; full basement with outside and inside access; mature trees in small back yard.

316 7th Ave
Mount Vernon, OH
Asking $10,000

 

425 N Market Street
Loudonville, OH
Asking $55, 000
3 Bed, 1 Bath, 2 story on corner lot. 1512 sq feet. Newer furnance, Vinyl siding.

For more information or property viewing, contact Ann Hess @ CES Credit Union 740.397.1136 Ext 120

 

Debt Management

If you feel the need for Credit Counseling, The NFCC (National Foundation for Credit Counseling) promotes the national agenda for financially responsible behavior and builds capacity for its members to deliver the highest quality financial education and counseling services. Call 1-800-388-2227 to speak to a counselor near you. Para ayuda en Español Ilama al 1-800-682-9832.

We know sometimes life will throw a curve, and it is difficult to gain control of your finances. The free services of Consumer Credit Counseling Service is available.

CCCS can...

• provide advice on a personal budget and family money management;
• assist those seriously in debt to develop a plan for paying bills within their means with the cooperation of their creditors;
• help prevent debt problems by providing information on the use of credit, budgeting and family money management, and
• educate the public in the wise use of credit.

CCCS is a non-profit program, and can be reached at (740) 349-7066 (Newark office number)  or (800) 686-2756 (toll-free number).