Auto manufacturers looked upon all this with their traditional enthusiasm, trying to comprehend how they might turn disaster into opportunity. Luxury-car makers dealt with the situation in various ways. Cadillac, though sheltered under the large General Motors umbrella, cut back hard on production, but Lincoln output tapered almost to a halt, then was restored by the streamlined, medium-priced Zephyr starting in 1935. Packard, still proudly independent, sought salvation with its slightly lower-priced 1932 Light Eight, failed, then planned a still-cheaper volume product that emerged in 1935 as the company-saving One Twenty. The tapered decklid was bounded on the top bya slim, inset backlight and on thesides by pointed rear fenders. All three of these leading luxury makes brought out specials and show cars for the round of 1933 automobile shows, culminating with the Chicago fair. Their onetime archrival, the still highly respected Pierce-Arrow Motor Company, followed suit with its own stunning creations.

Test driver Ab Jenkins took one to the Bonneville Salt Flats in September 1932, basically a standard car that had already seen 33,000 miles, and piled up nearly 3,000 miles over 24 hours at a 112.9 mph average. Fenders, windshield, and road equipment were then reinstalled and the car was immediately driven the 2,000 miles back to Buffalo. The superiority of the Pierce Twelve lay in its essential simplicity and smoothness. Pierce claimed other innovations in these years. The 1932 line introduced eight-point engine-mount bushings for ultra-smooth running, a stronger frame virtually impervious to twisting or bending, and standard "fingertip-adjustable" shock absorbers, all in a wide range of body styles of conservatively tasteful, Classic-era design. Skirted fenders further improved appearance for 1933, when an automatic choke, hydraulic valve lifters, and standard power brakes arrived. Go to the next page to learn more about the Silver Arrow Project. By the autumn of 1932, when the Silver Arrow project began, the Depression was still worsening and both Pierce and Studebaker were deep in trouble. Erskine's company had continued to pay dividends out of capital reserves, even while sales were dwindling, which forced Studebaker into receivership in 1933. Erskine resigned in despair, then committed suicide soon afterwards.

He used to say that he'd found bullet holes in the trunk. So presumed the car was owned for a time by the Capone mob. Besides that car, at least two other survivors exist. Evidence suggests the Silver Arrow did boost Pierce's morale and, briefly, prospects. Twelve-cylinder sales rose 200 percent in January 1933, 130 percent in February, and were 55 percent better through October versus the year-earlier period. Then came strikes at tool-and-die makers, and a lack of cars cost 300-400 sales in November and December. Pierce-Arrow was ordered sold, and by August it was independent again, reorganized under a group of businessmen and bankers to break even at 3,000 cars a year.

But what if you owe many thousands of dollars to more than one creditor, and it’s impossible for you to make payment arrangements with all of them? The next option would be to try to get a debt consolidation loan. If your credit is still reasonably good, you may be able to borrow from a bank at a low interest rate and pay off all of your high interest rate debts, like credit cards. If that doesn’t work, you could try a debt management plan through a non-profit credit counsellor. If none of these options work, you are left with the final two solutions: proposals and bankruptcy. In a consumer proposal, you work with a trustee to make a formal, legally binding settlement with your creditors. In a personal bankruptcy, your debts are discharged. Either way, you have legal protection, so collection agencies are no longer calling you.

Dealing with Collection Agencies: How Can I Stop Collection Agents from Calling? Collection agents are calling you in most cases because you owe money. First, you could change your phone number to a new, unlisted phone number. This stops the phone calls from collection agencies, but of course does not address the underlying problem (you owe money). Second, you can attempt to work out payment arrangements with them yourself. For example, if you owe the creditor $500, you could offer to pay them $250 from your next paycheque, and $250 from the paycheque after that, in full satisfaction of your debt. Payment arrangements are usually sufficient when dealing with collection agencies.

Source:

- https://nocollectioncalls.com
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