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Proactive Communication in Debt Management
It is important to communicate proactively with lenders after a car repossession, as they might owe you money if they sold the car for more than what you owed. Being in contact with the lender can help clarify the situation and potentially lead to a refund. Additionally, informing the lender about any ex-partner involvement in the debt and establishing a payment plan demonstrates effort and willingness to settle the debt.