Defaulted Auto loan
Date: Thu, 11/13/2008 - 12:05
Can DM companies work with defaulted auto loand to avoid garnishments?
I had an auto loan thru a major bank, i have been told by numerours people who deal with fiancing companies that this bank does not have a history of garnishing wages, however, with an almost 18k balance hanging over my head and a minimum of 2-3 years before i could even think of a chptr 7, I am anxious to be prepared to get this taken care of before 25% of my wages go out the door.
Thanks.
I had an auto loan thru a major bank, i have been told by numerours people who deal with fiancing companies that this bank does not have a history of garnishing wages, however, with an almost 18k balance hanging over my head and a minimum of 2-3 years before i could even think of a chptr 7, I am anxious to be prepared to get this taken care of before 25% of my wages go out the door.
Thanks.
I thought of that, unfortunately, my wife has just went back to
I thought of that, unfortunately, my wife has just went back to work after a couple months of only one income, i have nothing as far as a lumo sum to even offer as a settlement. last time I worked any kind of deal with a creditor I had to pay the agreed and lowered sum with in x amount of days.
Have they already implied that they will attempt to take you to
Have they already implied that they will attempt to take you to court to get an order to garnish your wages? A DM company may be able to help you by being able to work out an agreeable repayment process with the finance company.
