How To Work With Creditors When You Can’t Pay Bilk
Reginald Pryor
...Appionted Dean
Keginaki Pryor
Joins Nash
Tech Starr
By Lori Grier
Post Staff Writer
"I am indeed pleased that
Reginald Pryor has joined
the Nash Tech Staff," said
Dr. J. Reid Parrot Jr.,
president of Nash Technical
College. "The college is for
tunate to have on its ad
ministrative staff an in
dividual with his
background and experience.
He brings a thorough
understanding of the com
munity college philosophy
to this position, and he will
be a tremendous asset to our
institution."
.Reginald L. Pryor was
appointed as dean of the
Student Development
Department of the college.
He will be the chief ad
ministrator of the student
services division, leading in
recruiting efforts, supervis
ing the counseling func
tions, admissions and other
appropriate services offered
by that department.
.niuiuugn ne is a name oi
Charlotte, he has resided in
Rocky Mount since 1961.
For a number of years he
served on the staff of
Halifax Community College
in Weldon, N.C. where he
was associate dean of adult
education and also the
director of the Occupational
Evaluation' Center at
H.C.C.
Pryor is an active
member of the Roanoke
Rapids branch of the State
Employees Credit Union
Advisory Board, of the
N.C. Employment and
Training Association, the
Emergency Medical Service
Council of Region L COG,
and the N.C. Community
College Adult Educators
Association.
He graduated from West
Charlotte High School and
entered North Carolina
Central University where he
earned his B.S. degree. He
wits awarded his M.A.Ed.
degree from Virginia State
University in Petersburg.
Reginald L. Pryor is mar
ried to the former Bettye
Taylor of Rocky Mount
who formerly taught
physical education in the
Rocky Mount City School
System. He is also a
member of Ebenezer Bap
tist Church in Rocky
Mount. They are the
parents of two teenagers,
Reginald Jr. and Reggell
Elizabeth, both students at
Rocky Mount Senior High
School.
Davis To
Receive
APRI Award
Continued From Page 1
his principal's certificate
from Appalachian State
University in 1970. He has
served as principal at J.L.
Williams Junior High
School, the Street Academy
and is presently principal
at Spa ugh Junior High
School. Davis was appoin
ted Minoirity Affairs
Committee Chairman for
the state North Carolina
Association of Educators.
It is for those efforts that
the A. Philip Randolph In
stitute wjll be honoring
him. Organized nationally
in 1965, at the height of the
Civil Rights Movement, the
A. P. Randolph Institute
was established to convert
the gains made during the
Civil Rights to political
power.
Although the Institute
mainly concentrates on the
educating, and registering
of voters, for many years
the Institute has trained
black union members for
leadership positions in the
Union.
The local chapter,
formed in the early 70's has
recently sponsored voter
registration drives and
have formed coalitions
with other groups whose
aim is to increase the num
ber of voters.
f
vyii^ vi UIC IldlUCM CnOlC*
ss that has to be made
when your income doesn't
meet your outgo is how to
handle your credit obliga
tions.
Credit, whether it’s a
car payment, charge cards
or other installment debt,
is usually assumed when
your ability to pay is good.
When job layoffs, de
creased income or extreme
personal problems occur,
the change sometimes tips
your financial balance into
the red.
Keep in mind that, for the
most part, working with
your creditors is part of a
temporary solution that al
lows you to gain time. To
succeed in the long run, you
will need to find a per
manent way of increasing
income, reducing expendi
tures or both.
As you look at the stack
of bills that face you, a
first step is to examine
each one and determine
what will happen if you
miss a payment or pay
late. Check each for total
amount owed, amount of
the payment, how often
payments are due (weekly
or monthly); APR (an
nual percentage rate).
Then ask yourself these
questions: Is the payment
amount flexible (can you
pay more or less)? Is there
a “grace period" for pay
ing before the creditor
takes action? Is there a
penalty or charge for late
payment? Is there a repos
session clause or other col
lateral that can be for
feited?
Will a vital service be cut
off if you don’t pay? Will
the bill be turned over to a
collection agency or will
you be taken to court?
Next, look over your total
financial situation. How
much can you afford to pay
each month on all the bills
due? Don’t forget to leave
enough to cover your daily
needs, such as food and
transporation.
Then talk with your cre
ditors. (Have some idea of
whether you want to
lengthen the loan, pay only
the interest or miss a pay
ment.) Explain your situa
tion and your desire to pay,
and see if they have any
solutions.
If you can reach an
agreement with your cre
ditor, put it in writing. Be
sure you follow the agree
ment - it may affect your
future chances of getting
credit. Also be sure to keep
creditors informed of any
circumstances that might
alter your payment agree
ment. Your creditors are
eager to work with you.
They are not interested in
taking any legal action if
they can avoid it.
In some cases you might
consider a consolidation
loan, which lumps all your
current credit obligations
together. This should be
approached with caution.
Though it will allow you to
deal with only one creditor,
it also always has a high
er interest rate and extends
the life of your debts.
Check the interest rate
you would be paying and
ask if there are any other
conditions for receiving
such a loan. Some credit
ors as 1» that all other ac
counts, including credit
cards, be closed when of
fering a consolidation
loan. Also make sure you
know what would happen if
you should default on a
payment and what is re
quired for collateral.
Above all, stay as calm
and realistic as possible.
Make some definite plans
and work to carry them
out.
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