In most cases, a creditor is unlikely to net enough proceeds
from the sale of repossessed household goods to merit the effort. The mother-in-law
of one of the co-authors worked for many years in a St. Louis branch of a loan company
which, prior to the adoption of the FTC Rule, made non-purchase money loans secured by
household goods. She reported that during her 20 years of employment her branch had
repossessed but one television set and that the television set sat in the back room of the
branch office because nobody knew what to do with it.